Can Bankruptcy Discharge My Student Loan Debt? 

July 20th, 2018|Bankruptcy, Debt Relief|

We’ve often talked about debt here at Bellah Perez, PLLC — credit cards, mortgages, auto loans, medical debt. It’s become an unfortunate part of modern life. Now, the younger generations are facing serious debt in one specific form: student loans. In fact, Forbes reports that U.S. student loan debt amounts to $1.31 trillion, making it [...]

Debt Consolidation vs. Debt Settlement vs. Bankruptcy

September 30th, 2017|Bankruptcy, Debt Relief|

We’ve talked at length in past blogs about the dangers of cutting corners when it comes to debt. However, there are several legitimate avenues available to find debt relief. The most common solutions are debt consolidation, debt settlement, and bankruptcy. Nonetheless, before taking action to resolve debt, it’s important to understand each option. Debt Consolidation [...]

Chapter 7 vs. Chapter 13 Bankruptcy

June 13th, 2017|Bankruptcy, Chapter 13, Chapter 7|

If bankruptcy is your best option to free yourself from debt, you may still be confused about which bankruptcy chapter best fits your specific situation and needs. The most common chapters for individuals are Chapter 7 and Chapter 13. Chapter 7 This is a liquidation form of bankruptcy— it discharges (eliminates) most or all forms [...]

‘Dance Moms’ Star Sentenced for Bankruptcy Fraud

May 31st, 2017|Bankruptcy|

“Dance Moms” star Abby Lee Miller is headed to prison. After filing for bankruptcy, it was revealed the reality star had failed to report $775,000, using hidden bank accounts to conceal funds. She also attempted to sneak money into the U.S. from Australia, in the amount of $120,000. Now, she has been sentenced to a [...]

Think Retirement Funds are Your Way out of Debt?

May 15th, 2017|Bankruptcy|

Finding yourself deep in debt can be an overwhelming experience, but you’re not alone. In 2016, the average household’s credit card debt alone was over $16,000, with overall debt averaging $134,000. With numbers like these, it’s not surprising that Americans are looking for creative ways to pay off debt, and a prime target is retirement [...]

Redemption – Refinancing Personal Vehicles During Bankruptcy

June 30th, 2014|Bankruptcy, Chapter 7|

When considering Chapter 7 Bankruptcy people always want to know whether they can keep financed vehicles.  If payments to the lender are current, the answer is almost always ‘yes’.  Additionally, Chapter 7 bankruptcy, provides the opportunity to refinance loans on personal vehicles to the fair market value of the vehicle by “…paying the holder of [...]