There are many reasons why families are turning to personal bankruptcy for debt relief. While some situations are avoidable, others are completely out of our control. No matter your age or income, an unexpected accident or illness can turn your life upside down in an instant. If you are self-insured or have health insurance through… Continue reading Are you drowning in medical debt?
With the current economic recession, many Americans find themselves in a precarious financial position. However, a growing number of Louisiana residents are choosing debt relief to make a fresh start and begin to rebuild for the future. At times, events outside of our control, like an auto accident, family illness or an unexpected layoff from… Continue reading What is debt relief and how can it help me?
There’s no doubt that many Americans are struggling with paying their bills, and Louisianians are no exception. Sometimes events outside of your control, such as a catastrophic illness or accident that racks up heavy medical debt, are the root cause of your insolvency. A lost job can land families in hot water with creditors, too.… Continue reading Drowning in a sea of debt? Get help now
Receiving a cancer diagnosis can lead to difficult and overwhelming emotional responses from patients. Many worry about their chance of survival, treatment options and breaking the news to friends and family. All of these are understandable concerns for cancer patients in Louisiana, but unfortunately they also tend to have another worry on their minds —… Continue reading Debt relief necessary for high number of cancer survivors
Many of our readers may be aware that it is extremely difficult to obtain a discharge of student loans in the bankruptcy process. Under bankruptcy law, a debtor must meet certain income requirements and must demonstrate that the student loan debt poses a substantial hardship for the debtor. Under the undue hardship rule, courts generally… Continue reading Bankruptcy relief from student loan debt still far off for most grads
When it comes to obtaining debt relief, there are several options debtors have. Depending on the type of debt one is dealing with and the debtor’s overall financial situation, bankruptcy may not be the best option for relief, so it is worth it to consider the alternatives. One possibility for debtors is to take out… Continue reading Looking at alternatives to bankruptcy