Category Archives: Student Loans

Are My Co-Signers Affected By Bankruptcy?

Your Chapter 7 or Chapter 13 bankruptcy filing will not negatively affect the credit reports of any co-signers on your debt, but neither it will discharge their joint liability for the debt.

Click here to read more about how co-signers are affected by bankruptcy on the new Michigan bankruptcy blog of Michigan bankruptcy attorney The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are interested in discussing your options for bankruptcy, please feel free to contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Do I Need to List Every Debt in my Chapter 7 or Chapter 13 Bankruptcy? (Revisited)

I’ve written before on the subject of whether all debts must be listed in a Chapter 7 or a Chapter 13 bankruptcy petition as an answer to the very commonly asked question, “Can I leave my favorite credit card out of the bankruptcy?”

The answer to that question is an easy, “No, you cannot leave a debt out of the bankruptcy; the US Bankruptcy Code requires that all assets and all liabilities (debts) must be listed in either a Chapter 7 or Chapter 13 petition—and treated in a Chapter 13 payment plan one way or another.

However, there are additional reasons why you would want every debt listed, even if you otherwise desired to leave it out of the bankruptcy:

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Support Senator Durbin’s Fairness for Struggling Students Act of 2013

Sen. Richard Durbin’s Fairness for Struggling Students Act of 2013 needs your help! This vital legislation is stuck in committee, and the US Senate needs to hear from you. The Fairness for Struggling Students Act of 2013 will restore the ability to discharge in bankruptcy the private student loans crippling so many of our new graduates.

Click here to read more about The Fairness for Struggling Students Act of 2013 on the new Michigan Bankruptcy Blog of Michigan bankruptcy attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

How Can a Chapter 13 Bankruptcy Help Me Pay Down my Student Loans?

Student loans are not dischargeable in bankruptcy without a court order from the Bankruptcy Court declaring them discharged. But that does not mean that the bankruptcy process offers no solution to dealing with unmanageable student loan collections. Chapter 13 bankruptcy may be able to help you deal with such loan debt.

To read more about Chapter 13 bankruptcy and student loan debt, click here to read our full article on this topic on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Will My Chapter 7 or Chapter 13 Bankruptcy Affect my Family?

One of the most common questions people have prior to filing a Chapter 7 or Chapter 13 bankruptcy is with regard to whether the filing will affect their family-members and loved ones.

To read more about bankruptcy and its effect upon family-members, click here to read our full article on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Do I Need to List All of My Debts in my Bankruptcy Petition?

All debts must be listed in your Chapter 7 or Chapter 13 bankruptcy petition. Further, there are several reasons why, even though you may love your Kohl’s credit card or feel reluctant to list the personal loan extended to you by your grandfather, you would want to ensure that those debts are listed.

To read more about the requirement of listing all debts in Chapter 7 or Chapter 13 bankruptcy in Michigan, click here to read our full post on this topic on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Can I Be Fired for Declaring Bankruptcy?

Employers may not discriminate against employees who have filed for bankruptcy under Section 525 of the Bankruptcy Code.

To read more about this topic, click here to read our full article on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.