Thank you to one of our podcast listeners, Tiffany, on a great question, or questions: "Why should I hire a bankruptcy attorney?" and "What are some different tips on hiring the RIGHT bankruptcy attorney?"
Thank you to our Yesner Law Podcast listener Larry, who asked us the following question about wage garnishment and asset protection:
Imagine that you've made the hard decision to file bankruptcy, to erase your debt and get a fresh start. To determine what chapter of bankruptcy is right for you, please read "What Chapter of Bankruptcy is Right for Me?". In every bankruptcy case, approximately thirty days after the filing date, the debtor and counsel must appear at a meeting of creditors under Section 341 of the Bankruptcy Code (the "341 Meeting.")
You've found yourself on the Federal Home Loan Mortgage Corporation ("Freddie Mac") Exclusionary List (the "List"), and now Freddie Mac, Fannie Mae (Federal National Mortgage Association), and most other lenders won't allow you to participate in loans where either party has a Freddie Mac or Fannie Mae program loan. How did you get on the List, and how do you get off the List?
While we are still keeping a close eye on developments in bankruptcy court and other areas to help our clients eliminate student loan debt, one resolution that may be of tremendous benefit is to consolidate your student loans. One of the best programs we've seen is the William D. Ford Direct Loan Consolidation Program.