Blog: bankruptcy

Many borrowers still believe student loans can never be discharged in bankruptcy. That is not always true. Federal law allows some student loans to be discharged when repayment would create an “undue hardship.” The process is more difficult than eliminating ordinary credit-card debt, but it is possible in the right case. For borrowers considering student…

Debt settlement vs bankruptcy can feel like a difficult decision when you are already struggling with debt. Debt settlement can sound straightforward: save money, negotiate with creditors, and try to pay less than the full balance. For some people, that can work. But before committing months or even years to a settlement program, it is…

When people stop paying credit cards, they often do it because the minimum payments have become too difficult to manage and they are overwhelmed by credit-card debt. The balances may barely be moving, too much of the paycheck may be going toward debt, and something has to change. That is often when advertisements for debt…

Car payments have become a major part of the household debt problem. Auto-loan balances reached approximately $1.71 trillion nationwide in the second quarter of 2026, according to the Federal Reserve Bank of New York, and new auto-loan delinquencies remain elevated. For someone struggling with a $700, $900 or even $1,200 monthly vehicle payment, the question…