Bankruptcy, Foreclosure & Loan Modification Posts in July, 2013

Can I Discharge My Student Loans in Bankruptcy?

According to the organization American Student Assistance, some 20 million individuals are entering college every single year. Of that group, 60% are borrowing to finance some or all of the cost of higher education. The average amount of loan debt per student? Across all age groups, that number sits at $24, 301. It’s not surprising that one of the leading questions surrounding bankruptcy is whether or not student loan debt can be discharged....
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Buying a Home without Breaking the Bank

There are many reasons you may decide to buy a home or you may decide not to buy homes. All of these reasons are valid and important to the purchaser. Sometimes it’s as simple as not being ready or not having the budget they would like. If you are in this boat, you may be wondering what you can do to know if you’re ready to buy a house or not. However, having filed bankruptcy is not a reason not to buy a home. Budgeting...
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Medical Bills are the Top Cause of Bankruptcy in the U.S., Study Says

It’s no surprise that healthcare expenses and the problems of the medical industry are some of the biggest issues affecting the United States recently. The rising cost of healthcare has been a prominent focus for legislators, the media, and the public for the last several years, leading the major changes for healthcare that are taking place currently and in the coming months....
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How to Qualify for Short Sale

Purchasing a home requires planning and budgeting skills. Mortgage payments must be included on family calendars and paid on time. The joys of home ownership are great, but can require sacrifice. When hardships happen, it can make the home ownership even more stressful and financially difficult. In Illinois home owners do have the option of a short sale for their homes to quickly get rid of a home they no longer can afford....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL