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October 2014 Archives

The risks of using credit cards to pay tuition and student loans

With college tuition costs continually on the increase and the job market slow to improve, many college students and graduates find themselves struggling to make tuition and student loan payments. The stress of being unable to make payments can be considerable and sometimes leads debtors to turn to credit cards as a solution. Using a credit card to pay college tuition and student loans, though, involves certain risks.

Chapter 13: the benefits of reorganizing one’s debt in bankruptcy

In our last post, we wrote about the basic difference between the two types of personal bankruptcy—that is, bankruptcy filing types available to individual debtors. As we noted, the basic distinction is between liquidation of assets and reorganization of one’s debts.