Category Archives: Debt Settlement
Proposed Change to Chapter 13 Debt Limits Could Help More Los Angeles Homeowners and Business Owners
For many families in Los Angeles, Chapter 13 bankruptcy is the best way to stop a foreclosure, catch up on missed mortgage payments, and reorganize debt into a payment plan they can afford. But Chapter 13 is not available to everyone. Federal law caps how much debt a person can owe and still qualify,… Read More »
Is Debt Settlement a Better Option Than Bankruptcy?
When debt becomes unmanageable, the pressure to choose a solution can feel immediate. Creditors may be calling, late fees may be growing, and a lawsuit or wage garnishment may already be on the horizon. In that moment, debt settlement can sound appealing because it promises a way to pay less than the full balance… Read More »
Student Loan Forgiveness to Help Eligible Borrowers by 2017
Student loans, held by as many as 43 million Americans, have the highest rate of default and delinquency rates of all consumer debts. This liability is worth a staggering $1.3 trillion, with the average student loan debt totaling approximately $33,000 per borrower. With borrowers facing growing demands in a tough labor market, many people… Read More »
Student Loan Debt Crisis Cripples Countless Americans
Millions of Americans are struggling under mountains of student loan debt, often holding them back from their future prospects. Crippling debt is putting people’s lives on hold, and is having serious effects on the economy. With the continually rising costs of higher education across the nation, many students not only struggle to make ends… Read More »