as-vts5midw's blog

Federal student loans are pretty much bulletproof.  Even if you file for bankruptcy, while they are categorized as unsecured nonpriority debts they are still for the most part non-dischargeable along the lines of unsecured priority debts.  So you are pretty much stuck with them -- for life!

New Year’s is a time for reflection and renewal.  It is also a time for resolutions.  Most people resolve to improve their physical health (lose weight, exercise more, quit smoking, etc).  This year you should resolve to improve your “Fiscal” health.  The purpose of Fiscal fitness is to improve your financial health.  So, here are some easy steps to get you on the road to be

In most instances, when a person (referred to as the “debtor”) files a bankruptcy case, there immediately arises an “automatic” stay protecting that debtor against almost all types of debt collection activity.

With tax season fast approaching, tax debt is on the minds of many people.  One way to settle your tax debt is to submit an Offer in Compromise to the IRS.  An Offer in Compromise is a way to settle your tax debt for less than the amount you owe.  The IRS will look at your ability to pay the debt, your income and expenses, and

Texas billionaire, (and Keith Richards look alike), Samuel Wyly filed for bankruptcy protection in Texas on October 19, 2014.  Mr.

Of course, the best way to deal with payday (aka check cashing) lenders is to avoid them in the first place. Payday loans are some of the most expensive forms of credit available and are rarely, if ever, a smart option.

Recently while listening to the radio, an advertisement for debt settlement came through the speakers.

According to CNN Money, millennials – young adults born between the years of 1980-1995- are not saving money.  Their savings rate is at negative 2%, which means they are spending more than they are bringing in.