Chapter 7 Bankruptcy Case

What is the “341 meeting of creditors” that occurs during your Chapter 7 bankruptcy case? The 341 meeting of creditors is a hearing, where you are put under oath by the bankruptcy trustee. You are required to verify your identity, and answer questions pertaining to your bankruptcy petition. The aim of the meeting is the […]

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Mortgage Complaints in 2021

According to a report by the Consumer Financial Protection Bureau (CFPB) there have been more mortgage complaints this year than there have been in three years. In March 2021, there were more than 3,400 complaints. This is the most amount of monthly mortgage complaints that have been issued since April 2018. Owning a home is […]

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Student Loans Prove as a Serious Stressor

There has been a freeze on student loan payments since March 2020. However, student loan debt still has not failed to wreak havoc on the mental health of borrowers.  In a new survey by Student Loan Planner, “1 in 4 respondents had suicidal ideation at some point due to student loan debt” and “1 in […]

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What Is a Bankruptcy Trustee?

A bankruptcy trustee is a court appointed individual, in charge of ensuring maximal assets are distributed to the debtor’s creditors.  The trustee analyzes the debtor’s bankruptcy petition, in order to ensure the financial details included in the petition are accurate. The trustee conducts a hearing while the debtor is under oath, as the trustee asks […]

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President Biden Considers Cancellation of Student Loan Debt

President Biden has asked Education Secretary Miguel Cardona to look into the president’s ability to cancel up to $50,000 in student loan debt through executive action.  The cost of attending college has risen significantly in recent decades, making the aid of student loans a necessity for a great number of individuals.  According to an analysis […]

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Biden Cancels $1 Billion Worth of Student Loan Debt

President Biden has cancelled $1 billion in student loan debt, but who is eligible? The Biden administration will be forgiving student loan debt of individuals whose schools have engaged in misconduct or “misleading” practices. This will apply to approximately 72,000 borrowers.  Education Secretary Miguel Cardona states, “Borrowers deserve a simplified and fair path to relief […]

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Foreclosure in Wisconsin

The foreclosure process differs from state to state. View details about the Wisconsin foreclosure process and laws here. If you are facing foreclosure, you must contact Adrian Consumer Law. Attorney Amanda Adrian will effectively inform you of your rights, and maximize the chances that your home is saved. Multiple strategies can be utilized in order […]

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$1.9 Trillion COVID-19 Relief Bill Signed into Law by President Biden

President Biden has signed the $1.9 trillion COVID-19 stimulus bill into law. The bill includes many benefits such as: Providing $1,400 in direct payments for individuals who make up to $75,000 Distribution of $50 billion to small businesses A weekly federal boost of $300 to unemployment benefits $160 billion allocated to vaccine distribution efforts Link […]

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New Poll Reveals Information About United States Student Loan Borrowers

In the following article, these particular facts about United States student loan borrowers are revealed: Out of 1,059 survey respondents in a new poll titled “Yahoo Finance and Harris Poll” 22 percent responded they have student debt. Out of this 22 percent of respondents, 44 percent stated they have not made payments since March of […]

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Federal Government’s Income-Driven Repayment Program Has Flaws

The federal government’s income-driven repayment (IDR) program exists to grant low-income individuals debt relief after 20-25 years of monthly payments. However, due to numerous flaws in the program, only 32 borrowers have ever qualified for cancellation of their loans through IDR. This poses as a real issue, as about two million borrowers currently face the […]

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