A proposed bipartisan bill in the U.S. Senate would allow student loan borrowers to discharge the debt through bankruptcy. A bill called the “Fresh Start Through Bankruptcy Act” would amend the Bankruptcy Code to permit a discharge of student loans under certain conditions. A discharge is a legal term in Bankruptcy that basically means that […]
Can my home be sold through foreclosure during the Coronavirus (COVID-19) pandemic?
April 16, 2020 by
Is my home protected from foreclosure? Congress’ passage of the CARES Act goes very far in protecting Nebraska homeowners from possibly losing their home. As mentioned previously on an article about requesting a mortgage forbearance, your protection is based on whether your mortgage is federally backed. Refer to that article to determine whether your mortgage […]
Mortgage Relief due to Coronavirus (COVID-19)
April 14, 2020 by
Congress provided some relief to Nebraska homeowners facing a hardship due to the Coronavirus (COVID-19). Depending on the circumstances, there may be some mortgage relief during this time. Mortgage Relief Congress provides a homeowner relief from their monthly mortgage payment by requesting a forbearance with their mortgage company if: The homeowner has a federally backed […]
How to Receive your Coronavirus (COVID-19) Stimulus Check
April 13, 2020 by
Congress recently passed an economic stimulus package to help Americans get through the Coronavirus (COVID-19) pandemic. Known as the Economic Impact Payment, the stimulus provides a certain amount to each American and their dependents. Who is eligible for the Stimulus Check? All U.S. Citizens and resident aliens who: have a valid social security number; could […]
New Legislation to Discharge Student Loans in Bankruptcy
January 29, 2015 by
The new Congress took office earlier this month and there is already a bill introduced to allow student loan debt to be discharged in bankruptcy. In a previous article, I wrote how student loans can be discharged under the current bankruptcy laws, however, it is extremely difficult to do. Discharge of Student Loans in Bankruptcy […]