Personal Bankruptcy Law Atlanta
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2 selected videos
Using Bankruptcy to Solve a Private Student Loan Debt Problem
Can bankruptcy help you manage your private student loans?
Private student loans can create huge problems for both newly graduated students as well as anyone (i.e., parents) unfortunate enough to have co-signed on the loan.
Unlike other signature debts, student loans are generally non-dischargeable in bankruptcy and there are no income based repayment programs available for private loans analogous to the ones available to government student loan borrowers.
Bankruptcy, however, does present...
Related topics : student private loan
How to Eliminate Your Second Mortgage using a Chapter 13 Lien Strip
Did you know that you can use Chapter 13 to eliminate your second mortgage or home equity line of credit?
As I discuss in this video, the Bankruptcy Code allows us to “strip away” a fully unsecured second mortgage. When done properly, that $20,000, $30,000 or $50,0000 second mortgage can be paid at 1 or 2 cents on the dollar in your Chapter 13.
Obviously, there are exceptions and limitations to the lien strip process. But a surprising number of homeowners do qualify. If you’d like...
Related topics : line of credit home equity
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