Monthly Archives: April 2012

Remember When Private Student Loans Were Dischargeable in Bankruptcy?

Prior to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), private student loans were indeed dischargeable in bankruptcy. By contrast, educational loans issued or guaranteed by the federal government have been nondischargeable in bankruptcy since the U.S. Bankruptcy Act of 1978. Since BAPCPA’s passage  in 2005 and its exception of private student loans from bankruptcy discharge, we’ve seen nothing less than a financial vortex in this country. The burst housing bubble in 2006, ongoing recession, [...]

By |2012-04-05T15:32:58+00:00April 5th, 2012|Categories: Uncategorized|Comments Off on Remember When Private Student Loans Were Dischargeable in Bankruptcy?

What Can You Expect When You Have a Bad Debt in Arizona?

A lot of Arizonans are in the same boat these days; a bad economy and a bad job market have caused hard times and put a lot of people behind on their bills. Waiting for the bill collectors to start calling can be a nerve-wracking experience, and dealing with the calls once they do come adds a lot of stress to an already stressful situation. Understanding what is going on behind the scenes can give you the facts you [...]

By |2012-04-04T13:13:15+00:00April 4th, 2012|Categories: Bankruptcy|Comments Off on What Can You Expect When You Have a Bad Debt in Arizona?

In Arizona, Debt Collection is Big Business

As the Arizona economy continues to suffer, debt collection has become a booming business in Arizona. If you have ever been on the receiving end of a collections effort, you know that an unpaid credit card bill can haunt you for years as the debt gets sold from one company to the next. But on average, debt collectors win in the end – which is why there are so many companies out there trying to get you to pay. [...]

By |2012-04-01T13:04:25+00:00April 1st, 2012|Categories: Uncategorized|Comments Off on In Arizona, Debt Collection is Big Business

Ready to Spring into the Arizona Bankruptcy Newsletter, April 2012?

The Desert Spring has arrived in the Valley of the Sun and so has the newest Arizona Bankruptcy Newsletter, April 2012. This is what you’ll find in the Zolman Law’s winning April edition. Could Chapter 7 Be Better Than Chapter 13 for Your Situation? There are many considerations that go into filing for federal bankruptcy. Once the decision is made, you must settle on which chapter relief to file under given your unique circumstances. And not every chapter [...]

By |2012-04-01T12:00:42+00:00April 1st, 2012|Categories: Uncategorized|Comments Off on Ready to Spring into the Arizona Bankruptcy Newsletter, April 2012?