Bankruptcy Courts start to chisel away at the non-dischargeability of student loans:

Bankruptcy Courts start to chisel away at the non-dischargeability of student loans: Under the Bankruptcy Code, Congress created certain exceptions to discharge of debt.   Student loans are specifically excepted from discharge under Sections 523(a)(8)(A)(ii) and 523(a)(8)(B): “(a) A discharge under section727,1141,1228(a),1228(b), or1328(b)of this title does not discharge an individual debtor from any debt— (8) […]

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The ABC’s of Obtaining A Loan Modification

Under the current NY law, every Foreclosure lawsuit that affects a residential property must be assigned to the Foreclosure Settlement Conference Part before the bank can proceed to the actual Foreclosure and Sale.  The purpose of the Settlement process is to allow the Homeowner to apply for a loan modification, and to require the bank […]

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Bankruptcy and your Credit Score

Bankruptcy Advice…….. Bankruptcy and your Credit Score: Four common myths surrounding Bankruptcy: Bankruptcy will destroy my credit forever – false I will not be able to get credit for the next 10 years – false I will never be able to lease a car or get a car loan – false I will never be […]

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Bankruptcy Is Not A Four-Letter Word

BANKRUPTCY IS NOT A FOUR-LETTER WORD By Allen A. Kolber, Esq. I usually try to write articles that are substantive and informative, but this week I need to rage against the machine a little bit. I am a bankruptcy attorney.  My business card and the sign in my office prominently display the fact that I […]

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