UNCF (formerly known as the United Negro College Fund) opposes the proposed Fresh Start Bankruptcy Act in Congress which provides student loan relief. What does the Fresh Start Bankruptcy Act do? As a short refresher, the Fresh Start Bankruptcy Act provides an easier way to discharge, or wipe out, student loan debt. A person filing […]
What happens to Child Support in a Nebraska Bankruptcy?
August 18, 2021 by
Whether you are entitled to receive child support or you’re the parent who owes child support, it is beneficial to know what happens when someone files for bankruptcy in Nebraska owing child support. In Bankruptcy, child support is called a Domestic Support Obligation. What is a Domestic Support Obligation? A Domestic Support Obligation, or Child […]
What is a Bankruptcy Discharge?
August 6, 2021 by
The usual reason to file bankruptcy is to receive a “discharge” of one’s debts. In this article, I’ll explain what a bankruptcy discharge is, the types of debt usually discharged, debts that are not discharged, and the potential ways in which a debtor could lose the discharge. The basics of a bankruptcy discharge The bankruptcy […]
Student Loan Bankruptcy Discharge Proposal Released
August 4, 2021 by
I recently reported about a bipartisan proposal for student loan relief issued in the Senate. The actual language of the proposal has been released. Let’s review the language and interpret how a debtor could benefit. What does the Fresh Start Through Bankruptcy Act say? The Fresh Start Through Bankruptcy Act amends the current Bankruptcy Code […]
Bankruptcy Student Loan Relief on the horizon?
August 3, 2021 by
A proposed bipartisan bill in the U.S. Senate would allow student loan borrowers to discharge the debt through bankruptcy. A bill called the “Fresh Start Through Bankruptcy Act” would amend the Bankruptcy Code to permit a discharge of student loans under certain conditions. A discharge is a legal term in Bankruptcy that basically means that […]