Bankruptcy of Memphis

If you are struggling with the burden of unmanageable debt, bankruptcy may be the answer for you. Bankruptcy has allowed millions of people to obtain critical debt relief. Bankruptcy may allow you to: Eliminate or significantly reduce your debts Stop creditor harassment Stop wage garnishment Stop home foreclosure Stop auto repossession Obtain other debt relief Get the fresh start you have been seeking. Contact me, attorney Steven F. Bilsky . I have been practicing in bankruptcy law for more than 30 years. I have helped thousands of clients obtain debt relief. I practice exclusively in bankruptcy law to provide each of my clients with highly skilled and knowledgeable representation. My Bankruptcy Services I represent clients in both Chapter 7 and Chapter 13 bankruptcy: Chapter 7 bankruptcy : With a Chapter 7 bankruptcy, you may be able to discharge most forms of debt, including credit card debts, medical bills and other consumer debts. Chapter 13 bankruptcy : With a ...

One of the biggest burdens on individuals filing either Chapter 7 bankruptcy  or Chapter 13 bankruptcy are student loans .  Section 532(a)(8) of the bankruptcy code governs a debtor’s discharge of student loan debt .  The law presumes that such debts are not dischargeable.  There is a very narrow exception if a debtor is able to show that the repayment of the student loan will cause an “undue hardship” on the debtor.  The cases that have been decided By the Courts make it extremely difficult to prove the “undue hardship”, and very few loans are discharged.  There has been some limited exceptions allowed, but very few.  There is discussion that the one of the planks of platform being proposed by the Democrats for this election is some type of relief for burdensome student loans, and hope that the Republicans at least consider a similar plank in their platform.   Student loans cause great difficulties for many young people trying to get start...

  The Obama Administration has proposed new guidelines that would stop robocalls demanding immediate payment for student loans.  Student loans are a major factors that force people into having to file either Chapter 7 bankruptcy or Chapter 13 bankruptcy .  Although student loans are not dischargeable in bankruptcy , the pressure it puts on a debtor can cause problems with other debts, often making it necessary to file a bankruptcy .  The new proposed guidelines would force student loan collectors from just collecting student loan debt , and would direct the collectors to inform delinquent borrowers of their eligibility for income based repayment plans before demanding they make payments.  It would also require student loan companies to make vigorous efforts to contact borrowers at risk of default and walk them through their options.  The student loan companies would have to form specialized customer service representatives to handle struggling borrowers wh...