Court’s filing fees for bankruptcy cases due to increase on June 1st, 2014

Victoria Maydanik News about Bankruptcy Laws Leave a Comment

The judiciary periodically adjusts court fees for filing new bankruptcy cases.  As operational costs increase and courts’ budget becomes tighter, it’s no wonder that the adjustments have been increases in the filing fees charged by the courts. ~~~~~~~~~~~~~~~~~~~~~~~~~ Current Chapter 7 court’s filing fee = $306 For cases filed on …

Student loans – the next debt bomb?

Victoria Maydanik News about Bankruptcy Laws

Filing bankruptcy helps to wipe out or alleviate many financial burdens, with a glaring exception – student loans. Most student loans cannot be discharged in bankruptcy, and there are few or no options for distressed borrowers. Unfortunately, the combination of rising cost of education and worsening job prospects is a …