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February 2015 Archives

Learning the tough lessons of unpaid student loans

Millions of students and families across the U.S. carry some amount of student loan debt. The cost of schooling combined with a difficult employment environment for recent graduates can make it very hard for people to keep up with paying back loans. While this is unfortunate, it does not mean that people can ignore their financial obligations to repay loans.

Can I still receive payments if a debtor files for bankruptcy?

It can be very frustrating when a creditor receives notice that a debtor has filed for bankruptcy protection. This is because it could mean that a business or individual will not be able to receive the remaining amount of money owed to them. However, there are ways that creditors can improve their chances of getting paid at least a portion of what is owed.

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