Tuesday, November 6, 2012
to read more about life after bankruptcy go to:
Wednesday, May 9, 2012
Tuesday, April 10, 2012
The modifications, which aim to lower monthly payments so that distressed homeowners can avoid foreclosure, were made under the Home Affordable Mortgage Program, or HARP.
It offers incentives to mortgage servicers to rework loans and is one of multiple programs the Obama administration has initiated to try to take some of the pressure of the hard-hit housing sector that continues to be a drag on recovery.
Originally, HAMP was targeted to help 3 million to 4 million homeowners but it has reached only a fraction of that number. It has been widely criticized by Republican lawmakers for not being effective but the administration said earlier this year that it was being extended for one year through 2013.
Wednesday, November 2, 2011
Friday, October 28, 2011
The new Obama initiative, might make it a little easier to make up your mind:
Thursday, October 20, 2011
Read this article
So, to answer the question of whether or not the student loans are dischargeable, I will simply say "They are not." Although, that is not completely accurate, it answers correctly the 99% of the questions. However, there is that 1% percent of cases, where student loans might become dischargeable and believe me, you do not want to be in that 1%. To discharge student loans in bankruptcy, one has to show that he or she is suffering such great financial hardship, which will not change at any foreseen time.