Here are some stories we found interesting last month. Updated Arizona Bankruptcy Exemptions December 5, 2022, Arizona increased the state’s homestead exemption from $250,000 to $400,000, the exemption in bank accounts from $300 to $5,000, both the vehicle and household goods exemptions from $6,000 to $15,000, and the garnishment protection to 90% of disposable wages […]
Don’t Be Caught Off-Guard When Student Loan Payments Resume Mid-2023
After more than two years of forbearance, some Americans may have forgotten about their student loan debt. Since Joe Biden has been in office, no one has had to make a student loan payment on federal student loans (January 2021). (The current forbearance began with the CARES Act on March 27, 2020, before Biden was […]
Biden extends Student Loan pause till December 31, 2021l; offers $10K to $20K loan forgiveness for low income debtors
The White House announced via tweet today its much anticipated package of student loan relief: Key takeaways: Current pause in student loan payments is extended to Dec 31, 2022 New rules will allow Income Based Repayment (IBR) at only 5% of income (currently 10%) Students making less than $125K a year can get student loan […]
Discharging Student Loans in Bankruptcy: Some Good News
Getting rid of student loans in bankruptcy is difficult—but recent research shows you’re more likely to succeed now than in the past.