College is expensive, and therefore, the decision of which school a student will attend can be heavily influenced by the amount of financial aid received. There are many factors taken into consideration when financial aid is determined, including academic achievement, cost of attendance, and expected family contribution.
Chapter 7 and Chapter 13 bankruptcy are both ways that an individual in debt can find relief. It can be scary to think about filing for bankruptcy, but the risk is sometimes necessary to give you a fresh start.
We represent many clients who are struggling with debt. Bankruptcy is often the best choice for them to get back on their feet financially and begin to save. A common worry people have when considering bankruptcy is their retirement. Fortunately, bankruptcy does not prevent you from ever retiring, and it can, in fact, help you be in a much better position for retirement than if you had never declared bankruptcy.
Many Americans struggle with their credit score. Late payments, a high debt-to-income ratio and defaults can lower a credit score for years.