January 7th 2012
Bankruptcy Lawyers Debt Consolidation Attorneys Mortgage Foreclosure Lawyer Frozen Bank Accounts and Wage Garnishment Attorney Credit Card Relief servicing Queens, Brooklyn, Bronx, Manhattan, New York, Staten Island, Nassau, Suffolk, Long Island I’m Neil Colmenares, a Consumer Bankruptcy…
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December 1st 2011
With recent college graduates entering one of the worst job markets in history, Bill Whitaker reports on how student loans are preventing grads from filing for bankruptcy.
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July 23rd 2011
May 30th 2011
MP3 www.4shared.com Guests: Alan Collinge Student Loan Scam: During the first hour, Ian Punnett welcomed the founder of StudentLoanJustice.org, Alan Collinge, who discussed how federal student loans have become predatory, turning a generation into debtor slaves. “It’s a socially horrible epidemic,” he declared, noting that America’s total student loan debt now surpasses the nation’s credit card debt. He explained that student loans are particularly pernicious because they contain no consumer safeguards such as bankruptcy protection, statute of limitations, or the ability to re-finance the debt in an open market. As a result of these factors, Collinge said, when a loan is defaulted, it can double or even triple due to penalties and fees. In looking at the source of the problem, Collinge pointed to student loan advocates and the Department of Education as the key entities that “failed to play their part” in overseeing lending practices. According to him, the DOE has been using a faulty metric to determine the default rate on student loans, thus misleading Congress into increasing the allowable limits on colleges for lending. Additionally, Collinge said, the DOE actually makes “about 22% versus what they pay out” for defaulted student loans. In order to fix the student loan epidemic, Collinge endorsed restoring bankruptcy protections for these loans. Should that happen, he said, “a multitude of problems” will resolve themselves, including an “almost overnight” drop in …
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May 28th 2011
In my opinion, if you are willing to be in over 0,000 student loan debt that you can’t get rid of through bankruptcy. Unless you’re planning to become a doctor or lawyer, you need your head examined. Funny how after they graduated with 0k in debt and still can’t find a job.. like "not funny" haha.
i think at that point, education is not the answer, your brain is because you lack common sense.
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May 19th 2011
Plans For Student Loans on Newsfeed – Ahh, it’s that time of year again… flowers have bloomed, the weather is warming and graduating college students are contemplating bankruptcy because they have 200 grand in student loans to pay off thanks to their shiny new American Studies degree. So let me give you a few tips on how to beat those student loan blues. 1. Consolidate your debt onto low interest credit cards with great perks like airline miles. 2. Remember to claim them on your taxes. If you don’t know the exact numbers just make them up. I hear the IRS is really lax on that type of stuff and 3. Getting a job is always a good idea you lazy slacker.
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May 1st 2011
Millions of students are needlessly paying their student loans which are “under water” — ie, where the amount owed is greater than the value of the higher education purchased with the loans. Borrowers can’t earn enough to pay their student loans and pay for their reasonable living expenses. The borrowers should do what homeowners do when their mortgages are under water — which is to stop paying their loans, get into a court setting, and negotiate for a reduced loan (in principal amount as well as monthly interest). Attorney Carl Person also produced the first and successful video “Stop Paying Your Mortgage!”. Although government student loans are almost impossible to shed in bankruptcy, you can go into court by suing your banks to terminate the student loans on various legal grounds and expect to have an opportunity to settle your case in a way that eliminates or substantially reduces your loan, depending on the facts of your case. Get rid of student loans by stopping payment; suing the banks, and then settling the lawsuit. Stop being an economic slave to the banks.
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April 24th 2011
Student loans cannot generally be discharged with a bankruptcy filing, but a separate motion can be filed to claim a student loan if there are special circumstances. Consult with a bankruptcy lawyer to get help filing the appropriate motions to claim a student loan with advice from a family lawyer in this free video on bankruptcy. Expert: Robert Todd Bio: Robert Todd is the managing partner and president of Robert M. Todd, PA and Family Law Solutions. Filmmaker: Christopher Rokosz
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March 11th 2011
realestatemarketingthisweek.com – Foreclosure rates on Forbearance Agreements done with banks reaches 58% – Part 3 – In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is also the author of Real Estates Future and this segment we are talking about loan modifications and some specific information. You also have a great story to tell about this to. Well unfortunately I have too many stories about people who have had to go through foreclosures, bankruptcies, loan modifications. The one story I want to talk about real quick is a friend of mine who unbeknownst to me went out and did a loan modification on her own and not to get into a whole bunch of technical details on it she ended up getting a pretty decent interest rate because they actually cut her mortgage payment in half and she was pretty happy about that. She owed a little bit more than the house was worth, she wasnt terribly upside down, but by the time they got done with her she certainly was going to be because the modification, and actually I should not call it a modification, I should call it a forbearance agreement, what they did to her was to say, OK we will cut your interest rate in half, we will cut your monthly payment in half, but we will take all of that deferred interest and tack it onto the back end of the loan. So that by the time her interest rate went back to …
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January 29th 2011
Filing bankruptcy may not necessarily offer a total discharge of student loan debt; however, it may still help in ways you wouldn’t have expected.
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December 28th 2010
Tell Congress: Protect Private Student Loan Borrowers – Sign the Petition media.causes.com
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December 26th 2010
I have bad credit and alot of student loans. I have thought of bankruptcy but that dosn’t cover my student loans does anyone know of any banks or credit unions that would give a loan big enough to pay off all of my debt so that I could make just one payment a month. I have tried a credit consolidation place a long time ago and they stole the 700 dollors that I sent to them so I will not do that again and like I said before I won’t file for bankruptcy. I don’t eat out I don’t smoke and I don’t drink starbucks. So please don’t tell me to live cheap.
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December 17th 2010
In the past, many students have (wisely) filed for bankruptcy upon graduating. New rules exclude student loans from being wiped out after filing for bankruptcy. This video exposes a simple loop hole. Remember, do your own research. This is not a tried and tested method.
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December 17th 2010
I am a first year college student at Dartmouth College and have taken out a hefty amount of loans for my first year tuition. I know with the recent Wa Mu bankruptcy, that many other banks are in danger of following in Wa Mu’s footsteps. If by chance Citibank were to collapse what would become of my loans. And with our recent recession, how will I be affected in my ability to attain loans and secure a job post graduation?
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September 8th 2010
A ticking time bomb of American debt. Over 0 billion are owed by college students in the US with thousand more added on every second. The most traditional financial baggage for Americans was credit card debt. For the first time, debt belonging to college students has over taken that number one spot. “Students graduating in 2008, 2009 and 2010 are facing the worst job markets in a generation at least. And so you have people with more debt that we have ever seen before, who are having a harder time finding any job, let alone a job that pays them enough to somehow pay off all this debt.”
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July 26th 2010
My student loans are through NelNet and I received a letter from NelNet instructing me to stop making payments. The reason they give is that my student loan account has been paid by a claim and now has a zero balance. I have had student loans since 1995; but I also have filed bankruptcy. What does all this mean? What claim paid my loans off? Did I or someone else get sued for the money?
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