LawMyWay

Student Loans & Bankruptcy | Student Loan Borrower Assistance

Lewis Lorenz — Tue, 07 Jun 2011 16:34:25 +0000

Courts use different tests to evaluate whether a particular borrower has shown an undue hardship. A common test is the Brunner test which requires a showing that 1 the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living for the debtor and the debtor’s dependents if forced to repay the student loans; 2 additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and 3 the debtor has made good faith efforts to repay the loans. Brunner v. New York State Higher Educ. Servs. Corp., 831 F. 2d 395 2d Cir. 1987. Not all courts use this test. Some courts will be more flexible, some less.

via Student Loans & Bankruptcy | Student Loan Borrower Assistance.

An effort is underway to change the discharge-ability of private student loans. “The Private Student Loan Bankruptcy Fairness Act of 2010” is running its course through committees and may come up for a vote soon.

May a Christian Declare Bankruptcy? : ChristianCourier.com

Lewis Lorenz — Fri, 13 May 2011 21:46:57 +0000

“Is it permissible for a Christian to file for bankruptcy?”

This is a question that cannot be answered with a simple “yes” or “no.” It must be considered in the larger context of responsible Christian finances. One needs, therefore, to lay some foundation.

via May a Christian Declare Bankruptcy? : ChristianCourier.com.

The Bankruptcy Dilemma – Features – Christian living – Christianity.com

Lewis Lorenz — Tue, 10 May 2011 21:33:44 +0000

The Bankruptcy Dilemma – Features – Christian living – Christianity.com.

Better Business Bureau: BBB Warns Against Deceitful Online Payday Lenders

Lewis Lorenz — Tue, 26 Apr 2011 14:55:16 +0000

“Unlike a payday loan that you might get from a local business, online payday loans require your bank account number and, as a result, the borrower is at the mercy of the lender as more money than they counted on is withdrawn from his or her account.”

via Better Business Bureau: BBB Warns Against Deceitful Online Payday Lenders.

Finding the contact information for these people is often not easy, and sometimes impossible. Without being able to contact them to provide notice if you choose to file bankruptcy makes discharging the loan problematic.

Stay away from these companies.

Welcome!

Lewis Lorenz — Wed, 29 Sep 2010 18:27:52 +0000

Lewis C. Lorenz, Attoney at Law, along with LawMyWay.com, is a family-oriented law practice whose sole emphasis is on caring for the legal needs of you and your family. We strive to provide professional, economical, convenient legal services.

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