Bankruptcy Law Blog

For Roughly 25 Million Borrowers – Student Loan Forgiveness is Still on the Way

Student Loan Forgiveness … Still on the way – For roughly 25 million borrowers. The Biden administration is sending emails to tens of millions of borrowers this week about its new plans to cancel student debt. The Department of Education estimates that at least 25 million borrowers could qualify. Eligibility Borrowers who owe more than they did at the start

For Roughly 25 Million Borrowers – Student Loan Forgiveness is Still on the Way Read Post »

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What Is a 341 Meeting of Creditors and How to Prepare for Your Bankruptcy Hearing

Everything You Need to Know About Your 341 Meeting What Is a 341 Meeting of Creditors? A 341 Meeting of Creditors is a required step in the bankruptcy process. It’s an official hearing where you, the debtor, answer questions under oath about your financial situation. The meeting is led by the Bankruptcy Trustee assigned to

What Is a 341 Meeting of Creditors and How to Prepare for Your Bankruptcy Hearing Read Post »

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May 15, 2024 Median Income Levels for Kansas and Missouri Bankruptcy Filers (again)

UPDATES for Median Income Levels: Kansas and Missouri Bankruptcy Filers — The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify … Chapter 7 or Chapter 13 Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. The Means Test is

May 15, 2024 Median Income Levels for Kansas and Missouri Bankruptcy Filers (again) Read Post »

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