Student loan debt in the United State has risen to $1.6 trillion dollars, second only to mortgages as the highest category of consumer debt in the United States. While new loans account for some of the increase, that’s only part of the story. One of the more obscure reasons for the explosion of student loan...
Chapter 13 can provide a glimmer of hope to homeowners struggling to make 2nd mortgage payments. Getting rid of a second mortgage mortgage in a chapter 13 bankruptcy has become routine in many jurisdictions like New Hampshire and Massachusetts. As a bankruptcy lawyer who has filed a couple of dozen of chapter 13s to strip...
[caption id="attachment_28" align="alignleft" width="413" caption="A growing number of foreclosure signs are appearing in neighborhoods across the country."][/caption] The real estate boom of the late 1990’s and early 2000’s caused a super inflated valuation of both property and the attached mortgages. Many individuals and families anxious to assume their place in the American Dream became homeowners...