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Monthly Archives: May 2012

National Association of Consumer Bankruptcy Attorneys (NACBA) needs your compelling student loan debt story!

Have you filed bankruptcy? Is your student loan debt still dragging you down? Share your story!

The National Association of Bankruptcy Attorneys (NACBA) is interested in hearing from you! The organization has increased its story collection efforts to help bolster their advocacy, legislative and media programs. They are asking for additional borrower anecdotes for use with the media, Congress, and for their NACBA advocates visiting their Members of Congress on an ongoing basis.

It is their goal to restore bankruptcy relief for student loans. They would like any and all leads, examples, and stories as they pertain to student loans. Whether it’s a young borrower, a cosigner, an older borrower or the-like.

If you feel like you have a compelling story illustrating the problems with the nondischargability of student loan debt, please pass it along.  Some example include:

Co-Signers/Parent PLUS Loans: The media has taken a real interest in the harms brought upon parents assisting their children in financing a college education or technical/professional training.  The Washington Post, the Wall Street Journal, The New York Times and numerous other outlets have all written stories on this issue or are interested in doing so in the near-term.

Younger Borrowers/Student Loan Interest Rate Examples: As you know, Congress is currently working to come to an agreement to extend the current interest rate offered for federal student loans before they are set to double in July. A doubling of the interest rate would affect thousands of young people applying for federal loans. As the deadline moves closer, the media will want to run more stories on the harms of such a change, and Congress will likely want examples to share on the floor and with other Members. Furthermore, younger borrowers in general are finding it harder to pay off their loans due in large part to the slumping job market.

NACBA has also been sharing stories relating to for-profit colleges, older borrowers facing wage garnishment or foregoing retirement, and more. As stated earlier, all compelling borrower experiences are welcome and needed.

If you have a story to share, contact NACBA directly or your Kansas City Bankruptcy Attorney and we will make sure the wheels keep turning on their student loans efforts.

Median Income Levels Increase Making Chapter 7 and Chapter 13 Bankruptcy More Obtainable In Kansas And Missouri

What does a rise in Median Income Levels mean to you? Starting May 1, 2012 the Median Income Levels went up in Kansas and Missouri. In addition the IRS National Standard Deductions changed. If you have been considering filing for Bankruptcy this means that you may be more likely to qualify for a Chapter 7… Continue Reading