Neis Michaux Bankruptcy Law Office

03/26/2023

Stuck in default on your federal student loan? Advocates with NCLC’s Student Loan Borrower Assistance project explain what borrowers need to know about the new time-limited Fresh Start initiative to help borrowers get out of default. Roughly 20% of the 43 million Americans holding federal student ...

12/26/2022

Filing for bankruptcy can feel like a daunting process. You're dealing with complex emotions surrounding your decision to get out of debt, and the prospect of seeking help from a lawyer probably adds stress. In addition, you're worried about the cost, the process, and the vulnerability involved in t...

12/07/2022

People look at bankruptcy as a sign of failure. Look closely and you'll see that it's a necessary element of a thriving American economy. The American economy benefits when people file for bankruptcy because it provides individuals and businesses relief from overwhelming debt and a fresh start. This...

09/30/2022

Dealing with debt smartly requires you to look at alternatives. Those bashing bankruptcy are usually trying to sell you something.

08/30/2022

file chapter 13 to prevent your car from being repossessed

(1) What repossession is? Repossession is when your car or truck lender takes your car or truck because you are either: (1) Behind in your payments or (2) Have failed to keep it insured. (2) No advance notice of repossession is required: There is often an assumption that the creditor has to tell you...

08/25/2022

When you file for Chapter 7 or Chapter 13 bankruptcy—two of the most common individual bankruptcies—it can remain on your credit reports for up to ten years. After a bankruptcy is listed on your reports, it causes serious damage to your credit score until it’s removed. This means you will like...

08/25/2022

More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under President Joe Biden’s long-awaited forgiveness plan.

08/25/2022

CNBC reported that Biden’s announcement on student loans could come “as soon as Wednesday.” The Wall Street Journal later reported that the administration is in fact making plans for an announcement on that day. The administration has spent months debating the subject of student loan cancellat...

08/24/2022

New one-time student loan cancellation to be granted based on income; and student loan payment pause extended through Dec. 31, 2022

08/24/2022

The question on millions of student loan borrowers’ minds was settled Wednesday, as the Biden administration announced it would cancel $10,000 in debt for...

08/23/2022

The market is rebalancing, and there are many signs it's finally getting easier to buy a house.