The Bankruptcy and Finance Information Network Exchange (BFINE) website compiles educational articles and information to help Americans learn more about personal finance options and make informed decisions for their financial future.
Too often decisions are made based on myths or fear instead of facts. No matter the financial situation, there are steps everyone can take toward financial security.
You are not alone. There are professionals willing to help everyone recover from unfortunate circumstances and financial mistakes.
When you make educated financial decisions, everything will BE FINE.
Jason Wilson Aguilar | Chapter 13 Trustee
Most of us at one time or another have financial difficulties, but what should you do if you are unable to make your auto loan payments? The key is to be proactive, so try to address the problem before you miss a payment and are at risk of getting your auto repossessed. You are not necessarily out of options if you are already delinquent, but addressing the problem earlier is best.
Jason Wilson Aguilar | Chapter 13 Trustee
Yes, you can file a bankruptcy case without a lawyer. There is no legal requirement that you must have a lawyer represent you in a bankruptcy case. The real question is whether you should file a bankruptcy case without a lawyer who specializes in bankruptcy law. In my opinion, the answer to that question is no.
Federal Student Aid, studentaid.gov
The Biden-Harris Administration's Student Debt Relief Plan Explained
President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000. Many borrowers and families may be asking themselves “what do I have to do to claim this relief?” This page is a resource to answer those questions and more.
Managing your financial future is easier when you understand what is being said. Below are some of the key terms that are used with finance and bankruptcy.
For more definitions visit:
The meeting of creditors required by section 341 of the Bankruptcy Code at which the debtor is questioned under oath by creditors, a trustee, examiner, or the U.S. trustee about his/her financial affairs. Also called creditors' meeting.
If you are one of the millions of Americans who have student loan debt you have probably been following the multitude of news reports about loan forbearance, repayment, forgiveness, and settlements over the past two years. You need to know what is going on with student loans, but keeping track of the news reports can be exhausting.
USA Today, usatoday.com
President Joe Biden helped alleviate some of the pain felt by millions of Americans with student debt Wednesday after announcing $10,000 in debt, or $20,000 if you received a Pell Grant, will be wiped away.
But for those who aren't covered by the plan or will still have a leftover balance, Biden says you'll soon be on the hook for monthly loan payments again — nearly two-and-a-half years after the student loan repayment pause first began.
Whether you're stuck in a cycle of debt, earning too little to maintain your desired standard of living, or simply wanting to get a jump on saving for a major financial goal, such as buying a home or investing, you may need help to get on track with your objectives. Follow these strategies for taking control of your finances right now.
Times are challenging in America with the coronavirus. You may be experiencing the stress that comes with financial hardship and are considering a Chapter 13 bankruptcy. The purpose of this article is to inform you about the most important things about Chapter 13 bankruptcy.
When people are struggling with their debts, they have a lot more options than they might realize. There are professionals, non-profit organizations, and free online resources available to help no matter how one’s personal finances look.
CNBC - July 1, 2022
If medical debt you’ve already paid has been lingering on your credit report, you may want to see if that has changed.
The Hill - July 3, 2022
In the fall of 2021, the Public Service Loan Forgiveness Program was overhauled by the Biden administration. Since then, thousands of borrowers have received $8.1 billion in student debt relief.
JDSupra - June 10, 2022
While it is becoming increasingly rare for the Supreme Court to speak with a singular voice on virtually anything these days, bankruptcy provides a rare exception.
Post Register - May 29, 2022
Many people wonder if they file for bankruptcy, what will they get to “keep?” Will they get to keep a house, a car, or an investment property?
Anyone hoping to take control of their personal finances must start with budgeting.
Simply put, a budget is a plan. People need to plan for how much they’ll earn, how much they’ll spend, and what their long-term financial goals will be.
The Balance - January 7, 2022
A statute of limitations is the amount of time a person can take in order to take legal action on a certain event. When it comes to debt, the statute of limitations is the amount of time a creditor can take before asking the court to force you to pay for a debt.
WFSU - May 15, 2022
Residents across north central Florida are optimistic about the potential impacts of a new law requiring a personal finance class for graduation.
Gov. Ron DeSantis recently signed the measure that will require high school students to complete a half credit course on personal finance before graduation.
Boston Globe - May 30, 2022
It didn’t count, but it should have. Boni, who moved to the United States from Mexico in his late 20s, needed to buy or rent equipment for his growing independent construction business. It was 2016, and he was earning decent money and paying for his housing and other living expenses. But with no credit history, his options for expanding his work opportunities were limited and involved high interest rates that seemed both expensive and risky.
JD Supra - Nov. 18, 2021
The CFPB, federal banking agencies, and state regulators are returning to pre-pandemic norms with respect to enforcement and supervision of the mortgage servicing industry. On November 10, 2021, the Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency....