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August 9, 2021

Student Loan Relief -Fresh Start Through Bankruptcy Act

Senators Dick Durbin (D-IL) and John Cornyn (R-TX) have introduced the “Fresh Start Through Bankruptcy Act,” the first bipartisan bankruptcy legislation to come through the Senate in years. The Act also has the endorsement of the National Association of Consumer Bankruptcy Attorneys. The Act would allow student borrowers to discharge federal student loans, something that has not been possible since before 1998. The Act however, does not alter the dischargeability of private student loans.

Current Events 0 1 min read
July 29, 2020

Experts Predict an Inevitable Wave of Evictions, Foreclosures & Bankruptcies

Is there going to be an overwhelming onslaught of consumer bankruptcy filings? Many experts are predicting an incredible surge in personal bankruptcy filings, caused by the economic disaster resulting from the Coronavirus Pandemic. When the shutdown began bankruptcy filings sharply decreased. The Executive Director of the American Bankruptcy Institute, Amy Quackenboss predicted a surge, perhaps in May and June[1], but…

Current Events 0 4 min read
March 12, 2020

Protecting Assets in Bankruptcy

Will I lose my car if I file bankruptcy? Am I allowed to have money in the bank? I don’t even have any property. We get a lot of questions and comments just like these every day.             Everyone owns property, from clothing and a cell phone to cars and a house. Whether or not there is something someone could…

Bankruptcy FAQs 0 2 min read
February 24, 2020

How to Defend a Collection Lawsuit

If you have been sued by a creditor for money, the most important thing to do is respond to the lawsuit. Never ignore a lawsuit or complaint because if you do, you will automatically lose! The next thing to do is to contact a lawyer to get a free consultation and see what your rights are. Many times, the creditor…

Bankruptcy FAQs 0 48 sec read
January 20, 2020

Student Loans: Loan Rehabilitation

In this blog post in the student loan series, we will be talking about rehabilitation and consolidation for defaulted student loans. You default on a loan when you don’t make full payments on your loan for 270 days. There are very real consequences for defaulting on your loans, such as wage garnishment, liability for lawsuit, inability to receive further federal…

Student loans 0 1 min read
November 15, 2019

Student Loans: Income Based Repayment

To officially kick of our blog series about student loan management options, we are going to discuss income-driven repayment plans. These plans are only available to people with qualifying federal student loans that are in good standing. If your loan is in default you are going to have to rehabilitate your loan before pursuing one of these plans. There are…

Student loans 0 2 min read
November 8, 2019

Student Loans: Introduction

Here at DRF, we regularly get calls from people that are struggling with student loan debt. Many of them have not had the chance to learn about several very powerful strategies that can be used to manage and pay off their student debt. Because of this, we have decided to start a short blog series about these management strategies, who…

Bankruptcy FAQs 0 2 min read
October 29, 2019

Tips for Making and Living with a Budget

  When you live and spend without following a budget, it can be easy to lose track of how much you are spending and what you are spending it on. Creating and following a budget can make it much easier to prioritize the things that money needs to be used for urgently, and to make sure you aren’t spending more…

Bankruptcy FAQs 0 2 min read
October 11, 2019

Introducing Dara Sandau

Introduction Dara Sandau, Esq., Managing Attorney Sandau Legal P.C. Massachusetts Debt Relief Foundation- Board Member I recently joined the Massachusetts Debt Relief Foundation as a Board Member due to a shared passion for the mission of, “Helping People Overcome Debt with Dignity.” There is nothing more rewarding than making a difference in someone’s life through information and education.  Together, these…

MDRF Updates 0 42 sec read
October 4, 2019

Downsides to Debt Management Programs

Debt can be both confusing and scary, and while there are many people and organizations that will do their best to help, there are also some that see vulnerable people as a chance to make money. For someone struggling with the daily stress of living with debt, a TV ad that promises to solve your debt problem quickly for a fraction of what you owe may seem like a no-brainer. However, frequently the companies that provide these services overpromise and even lie about what they will be able to achieve.

Bankruptcy FAQs 0 2 min read