Student loans are typically considered one of the few non-dischargeable debts in a bankruptcy claim. Other non-dischargeable debts include tax debt and other types of secured debt. However, there are some circumstances that will give a person the ability to have their student loans discharged anyway. This loophole is called the Brunner Test. The Brunner… Read More »

Many people mistakenly believe that they won’t be able to buy a house at all after filing bankruptcy, or at least until the bankruptcy falls off their credit report after 7-10 years. This isn’t necessarily true. In fact, there are ways to purchase a new home after a successful bankruptcy. Doing so may even help you… Read More »

When considering bankruptcy, it’s common to hear others’ suggestions that will allegedly prepare you financially for the bankruptcy process or help make your bankruptcy easier. However, some of this well-intentioned advice can actually jeopardize your bankruptcy claim. Here’s what you want to avoid before filing for either a Chapter 7 or a Chapter 13 bankruptcy.… Read More »

Filing for bankruptcy can bring you financial relief after being overwhelmed with debt. However, some people find themselves in debt again, usually due to circumstances outside of their control. For example, a medical emergency or a sudden move could put you in financial distress again, leaving you little choice but to look into bankruptcy. Is… Read More »

Typically, tax debt is considered to be “secured debt” and takes precedence even over student loans. What this means is that most people will still owe back taxes, even after filing for bankruptcy. However, there are some unique circumstances in which bankruptcy will allow tax debt to be discharged like other debts in a Chapter… Read More »