Many people in Iowa feel that bankruptcy is an insurmountable barrier to rebuilding credit, credit history and good credit score. It is true that one of the unavoidable consequences of filing bankruptcy is the effect on your credit. However, the…
If a Chapter 7 debtor fails to reaffirm his obligation on his mortgage during the pendency of his bankruptcy case, his mortgage lender may refuse to refinance his mortgage loan post-bankruptcy. The lender’s refusal to refinance usually stems from two…
In many ways the bankruptcy process involves issues of accounting and finance. One particular aspect of bankruptcy that requires accounting knowledge is an understanding what is and what is not an asset. An asset is anything that is owned by…
In previous blogs, we have discussed discharging student loan indebtedness in a bankruptcy, federal student loan repayment plans, federal student loan discharge and forgiveness options, and private student loan settlement options. This blog will discuss other available options to assist…