If you have bills that are a struggle to keep up with, or credit cards that never seem to decrease despite consistent payments, it may be time to make some changes to address your debt. This blog details some steps you can take to start assessing your financial condition and how to approach achieving your goals. Assessing Your Finances …
The legal fee in a typical Chapter 7 Bankruptcy case is about $1,500. That can go up or down depending on what is involved in the case, but by and large, a legal fee of $1,500 is not out of the ordinary. You will also have to pay a filing fee on top of the legal fee. The filing fee…
Last year the US Department of Education announced temporary changes to the PSLF Program. With these changes, borrowers receive the following benefits, but this opportunity ends on 10/31/2022! The PSLF Program allows a borrower to receive forgiveness on Direct Loans after making 120 qualifying monthly payments under a qualified repayment plan while working full-time for a qualifying employer. Any balances…
There’s been a lot of media attention about President Biden’s new Student Loan Relief Plan, but how do you know if you qualify? And what else does his plan propose? The White House has released a fact sheet, showing the burden of living with student loan debt for years and years after school, and the ever-increasing cost of attending college….
Written by MDRF’s own Founding Director and Chairman Richard Ravosa, Mommy, Are We Poor? is the story of Chelsea, a widowed single mom with two jobs, two kids, too many bills, with Christmas approaching and no money for presents. Her boss offers to help, but it’s not the kind of help she had in mind. Can this struggling family get…
A lot of people I speak to through my work at MDRF tell me all the time that bankruptcy is not for them. This is often due to the numerous misconceptions about bankruptcy that you hear about, on tv from your family or on social media. Media and your friends may tell you that bankruptcy will ruin your credit or…
If you’ve decided to look into bankruptcy, or have already consulted a lawyer and are in the process of filing, you may be overwhelmed with the legal terminology. Your lawyer will answer your questions along the way and keep you informed on the status of your case, but if you’d like a quick primer on some common terms we’ve included…
If you have filed a Chapter 7 Bankruptcy, the typical amount of time it takes from beginning to end is about 4 months. However, before your case is even filed, your lawyer will have a good idea if your case will be successful and will share that information with you. After your case is filed you will attend what’s called…
For over ten years now I have worked hard to run a super small, but hugely impactful non-profit, MDRF. Our Organization helps families in need to recover from financial hardships by providing free legal assistance. I chose to become a lawyer specifically to help those who most need legal services, but who could never afford it. Our legal system and…
Cynthia volunteers to meet with clients, provide legal consultations and cover court proceedings for MDRF. She has helped thousands of clients save their homes from foreclosure, stopped lawsuits, evictions and utility shut-offs and eliminated debt through either bankruptcy or agreed upon out-of-court debt settlements. Cynthia is very active in the local consumer bankruptcy community, often participating in conferences, local bar…