Fifth Circuit Issues “Solvent-Debtor Exemption” Ruling

Admin on November 11, 2022 Posted in Bankruptcy Law, Blog

Bankruptcy courts throughout the country are in disagreement about whether “make-whole” premiums that become effective as a result of a bankruptcy petition should be refused as interest that is unmatured. Additionally, bankruptcy courts are in disagreement about whether the exception for “solvent-debtors” that requires the payment of interest after bankruptcy petition to unimpaired unsecured creditors survives following […]

Potential Changes Looming With How Student Loan Debt is Handled During Bankruptcy

Admin on May 30, 2021 Posted in Bankruptcy News, Blog

Advocates are currently urging the United States Supreme Court to provide clarification about what debtors must establish to eliminate student loan debt in bankruptcy. Erasing student loan debt through bankruptcy is almost always difficult to do. Bankruptcy courts require a high standard of “undue hardship” to be established before student loan debt can be discharged.  […]

What Debts Are Discharged in Bankruptcy?

Admin on February 18, 2016 Posted in Bankruptcy Law, Blog

Obviously the goal of bankruptcy to is to get out of debt, but not all debt is created equal. The types debts that are dischargeable in bankruptcy depend on whether you are filing Chapter 7 or Chapter 13 bankruptcy. Debts Dischargeable in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your debts more […]