by [email protected] | Apr 29, 2016 | Bankruptcy
In our last post, we began looking at the use of credit and what one can do to help improve one’s credit health following a bankruptcy filing. As we noted, giving up credit will not help improve one’s credit score since credit use frequency is among the...
by [email protected] | Apr 27, 2016 | Bankruptcy
Access to credit is essential for most people who make big purchases, and bankruptcy can throw a wrench into a debtor’s access to credit. To be clear, bankruptcy may be a very wise course of action under the circumstances and its negative impact on credit access...
by [email protected] | Apr 21, 2016 | Bankruptcy
Last time, we began looking at an out-of-state case which raises the question of whether student loans incurred to pay for private high school tuition may be discharged in bankruptcy. In this case, the lender is arguing that the undue hardship requirement applies to...
by [email protected] | Apr 19, 2016 | Bankruptcy
We have previously looking on this blog at the requirements for student loan debt to be discharged in bankruptcy. As we noted, it is very difficult for a debtor to meet the requirements for discharge, and it is generally the case that most debtors will not be able to...
by Miller & Miller Law, LLC | Apr 17, 2016 | Medical Debt
Last time, we began looking at recent information gleaned from a poll conducted in Florida regarding the connection between medical debt, financial difficulties and bankruptcy. As we noted, even those with health insurance are not protected from financial hardship...
by Miller & Miller Law, LLC | Apr 15, 2016 | Medical Debt
Medical care is considered a necessity, a basic cost of living, in the same way that food, clothing and shelter are consider basic needs. Unfortunately, medical care can be very costly, especially those who are still without insurance or who have high premiums and...
by Miller & Miller Law, LLC | Apr 11, 2016 | Commercial Bankruptcy
In our last post, we mentioned the ongoing bankruptcy troubles of Milwaukee businessman Robert Kraft. As we noted, Kraft has filed for Chapter 11 bankruptcy–and, more recently, personal bankruptcy–and his Chapter 11 filing came after one of his companies...
by Miller & Miller Law, LLC | Apr 9, 2016 | Commercial Bankruptcy
Wisconsin readers who keep track of business news may have heard that Robert Kraft, former CEO of the now out-of-operation First Edge Solutions Inc. and World Marketing Holdings LLC, filed for personal bankruptcy earlier this month. Kraft’s filing, which was...
by [email protected] | Apr 3, 2016 | Bankruptcy
We’ve been looking in recent posts about the issue of discharging student loan debt in bankruptcy. We’ve already spoken briefly about how courts determine whether undue hardship is appropriate. Generally speaking, as we’ve noted, it is very difficult...
by [email protected] | Apr 1, 2016 | Bankruptcy
In our last post, we looked briefly at the undue hardship test used in bankruptcy courts to determine whether debtor is able to have his or her student loans discharged. As we pointed out, a debtor must be able to show three things: (1) inability to maintain a minimal...