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Bankruptcy

Manos Legal Services > Bankruptcy

Can I File Chapter 13 if I am Self Employed?

[ad_1] Can you file a Chapter 13 debt consolidation case if you are self employed? Yes, you can but expect the process to be more difficult, burdensome and expensive than it would be if you are a salaried employee. Chapter 13 works best when your income and expenses are steady and consistent. When you file Chapter 13 you will be proposing a repayment plan to the bankruptcy judge. Your plan modifies the rights of your creditors and it must meet all the requirements of the bankruptcy code. When you file your case, a Chapter 13 trustee will be assigned to verify the...

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Unique Little-Known Ways to Find Grants And Scholarships

[ad_1] College isn’t getting more affordable, and student loans affect millions of people every year. One way to avoid that? Apply for more scholarships and grants to reduce the cost of tuition. But applying for these can be difficult, time-consuming and overwhelming. Many scholarships are for small sums and don’t seem to be worth the effort it takes to apply. Some students just get too tired at the end of the year to care. The trick is finding little-known scholarships and grants that other students don’t consider. Here are our best tips on finding these scholarships and having your application approved. Ask Advisors...

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Veterans & Bankruptcy: Do I Lose My Benefits if I File Bankruptcy? NO!

[ad_1] Do you ever wonder how bad rumors get started?  Bad headlines don’t help. Congress is considering the Honoring American Veterans in Extreme Need (HAVEN) Act.  Part of the HAVEN Act will correct an injustice suffered by many U.S. vets who receive service-related disability income.  In bankruptcy law, if you receive disability from Social Security, it is not “counted” in the Means Test.  But if the disability check comes from the military, then it does count.  Even though veteran benefits have all the same protections as Social Security otherwise.  That’s not fair.  The HAVEN Act, among other things, intends to correct...

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Here Is How To Pay Off Student Loans In College

[ad_1] The student loan crisis has reached a fever pitch. It’s become a national epidemic, one that reached $1.5 trillion in 2018. Paying off student loans is a rite of passage for twenty-somethings, one that often begins just a few months after college graduation. But for some students, making payments in college is possible. Even if you think you can’t contribute much, making payments before you graduate can reduce your total interest and decrease your overall loan burden. Paying off student loans in college isn’t as difficult as passing Econ or finding out why your ex ghosted you. Read below to find out...

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Consumer Commission – Student Loan Discharge Recommendations

[ad_1] The American Bankruptcy Institute’s Commission on Consumer Bankruptcy issued its final report last week.   This is the first in a series of articles about those recommendations.  To see more information about the Commission, follow this link. As a commissioner, I can tell you that the subject of student loans in bankruptcy was probably the single most popular topic of suggestions to and discussions  within the Commission. And the Commission took that to heart. Most critically, we recommended bankruptcy law be re-written to allow for more student loans to be discharged — or paid — in bankruptcy cases.  The very first...

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Credit Card Reviews: Best Credit Cards for Students

[ad_1] From the Mint team: Mint may be compensated if you click on the links to our issuer partners’ offers that appear in this article, including Chase. Our partners do not endorse, review or approve the content. Any links to Mint Partners were added after the creation of the posting.  Mint Partners had no influence on the creation, direction or focus of this article unless otherwise specifically stated.   College is a wonderful opportunity to try out and learn new things. From the classroom to the quad, life lessons lie around every corner. One class that you should not skip is “building...

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Consumer Commission – Student Loan Proposals (Part II)

[ad_1] Photo: Nina Konstantinidou Last week, we outlined the ABI Commission on Consumer Bankruptcy’s proposals to improve the fresh start in bankruptcy by expanding the discharge of more student loans.  But the Commission recommended Congress make other changes to help people burdened with student loan debt. In particular, the Commission recommended that student loans be given priority treatment.  In bankruptcy, when the trustee is paying creditors, either in a chapter 7 or chapter 13 case, certain debts get paid ahead of others.  These are called “priority claims.”  Usually these are things society has a strong interest in having paid, like child support,...

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What You Need To Know About First- and Second-Year Home Expenses

[ad_1] My husband and I were so excited to buy our house. We’d been renting since college and were eager to have our own place. Finally, no one could tell us how many dogs we could have or how many posters we could hang up. Once we moved into our home, we quickly realized how much we didn’t know. We didn’t know how to make basic repairs or know what kind of contractor to call. We also didn’t know how expensive home buying could be. Even now that we’ve been in our house for a year, we’re still surprised at how much...

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How To Budget For An Eco-Friendly House

[ad_1] You buy organic at the local farmers market, hunt for the fair-trade label while perusing store aisles, and dabble in impact investing. So naturally, your eco-conscious preferences might also have you leaning toward a sustainable home. Maybe you’ve always longed for a home with solar panels, bamboo flooring, or a grey water irrigation system. But whether you’re buying a home with sustainable features or renovating your current digs, these homes often require a deeper financial commitment than a standard one, points out Alexander Lerner, a realtor of Figure 8 Realty in Los Angeles. So how should you go about saving for...

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How to Help Your Kid with FAFSA, Student Loans, and More!

[ad_1] It’s easy to assume that the role of a parent diminishes as a child approaches high school graduation. This is when many parents choose to step back and allow their kids to become the primary decision-makers in their own lives.  But the time between high school and college is more than just a symbolic transition from childhood to adulthood – it’s a period of life-changing and complicated decisions. How your child navigates the questions of school choice, financial aid and student loan debt will have a major impact on not just their college years, but the trajectory of their entire adult...

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