03 May Bankruptcy Filings Once Again On The Rise? We Can Help.
According to a recent report by the Federal Reserve Bank of New York, consumer debt on mortgages, car loans, credit cards and student loans have all increased significantly since 2013. Although the delinquency rates are more or less unchanged since the post-“Great Recession” de-leveraging, the amount of overall debt has increased, apparently due at least in part to the heavy student loan burden being born by so many Americans.
Student loans are, for the time being, not dischargeable in bankruptcy, but between the new repayment and debt forgiveness plans now available on federal loans, and the relief available under Title 11 (The U.S. Bankruptcy Code), there are options available. Call our office today to schedule a free consultation to find out more about your rights and how our firm might be able to help.