When for-profit schools close: what happens to student loans?
ITT Tech is the most recent example of the many for-profit schools that are closing for good. These educational institutions often leave their students hanging with incomplete degrees and substantial student loan debt. If you or your child has been affected by a for-profit school closing, you may be wondering what to do about your […]
What does a reaffirmation agreement do during a bankruptcy? Pt.2
Last time, we were discussing a reaffirmation agreement in a Chapter 7 bankruptcy. This agreement allows you to keep a vehicle by “reaffirming” the terms of the loan. To be eligible for this agreement, you typically need to be current on your payments and capable of making the remainder of the outstanding payments of the […]
