It is well known that Bankruptcy Code generally prohibits the discharge of student loans that are owed to or funded by a government agency or department.  The Code provides an exception to the rule of non-dischargability: when the debtor can show that the debt, if not discharged, would cause the debtor, an “Undue Hardship”.  Bankruptcy

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What Types Of Bankruptcy Are There?

For most individuals and their families there are two kinds of bankruptcy.  They are known as:  Chapter 7 – Liquidation and Chapter 13 – Adjustment of Debts of an Individual with Regular Income.  But, some individual family farmers or fishermen may file a Chapter 12 – Adjustment of Debts Of Family Farmer or Fisherman With

Bankruptcy is a legal proceeding in the United States Bankruptcy Court system that helps people who are having difficulty paying their debts get a “fresh start”.  The purpose of Bankruptcy is to give to the honest, but unfortunate debtor a new opportunity in life and a clear field for future effort, unhampered by the pressure

What is Bankruptcy?

Bankruptcy is a debt relief program authorized by the United States Constitution, governed by the United States Bankruptcy Code and a specialized Bankruptcy Court Rules, and operated through the federal court system. The primary goal of the bankruptcy laws is to give debtors a financial “fresh start” from burdensome debts. The United States Supreme Court put

Filing a Bankruptcy is an important decision.  Bankruptcy will help you to overcome unmanageable debt and intrusive creditor collection activity, but it is a complicated legal proceeding in the federal courts.  The process is fairly straightforward for someone with experience, such as your lawyer, but it requires significant preparation, planning and consultation. A mistake in