Posts by Eric Southward
Income Driven Repayment account adjustment
The income driven repayment account adjustment is a one-time adjustment that will increase the number of qualifying payments that borrowers have made toward income driven repayment plans. This could lead to a larger loan forgiveness amount for some borrowers. For undergraduate loans, the repayment time is 20 years–for graduate loans, it is 25 years. But…
Read MoreRepossession Crisis is Coming
Bloomberg is sounding the warning bells. Americans are falling behind on their car payments at a faster rate since the last financial crisis in 2009. Worse PRIME customers normally only make up 2% of all repos and have doubled to 4% now. You can argue it’s a combination of pent up Covid 19 demand where…
Read MoreStudent loan repayments paused again
Wondering when your student loans will go back in to repayment? According to the administration, repayment won’t start until lawsuits stop. The recently announced plan to cancel up to $20,000 in student loan debt for qualified Americans is on hold because of lawsuits attacking it. In response, the Department of Education has stated that the…
Read MoreStop Foreclosure
House up for sale? STOP FORECLOSURE immediately using Chapter 13 Bankruptcy Stop Foreclosure Sale – Houston Bankruptcy. If your house is up for foreclosure or property tax sale, Busby & Southward can file Chapter 13 bankruptcy for you to STOP THE SALE. Chapter 13 helps you get BACK ON YOUR FEET and helps you get…
Read MoreStop Repossession
STOP REPOSSESSION immediately using Chapter 13 Bankruptcy. STOP REPOSSESSION immediately using Chapter 13 Bankruptcy. Whether your truck has ALREADY been repossessed or your car is in DANGER of repossession, the minute you file bankruptcy you STOP the repossession from going any further. Get your Truck or Car back As long as your truck as not…
Read MoreWhat happens after Chapter 7 Meeting of Creditors?
All right. Congratulations. The meeting with your chapter 7 Trustee went well. You won’t need any further meetings with the trustee or any more hearings. We’re done. In our prior video, we discussed preparing for the meeting with the Chapter 7 Trustee. In this video, discuss what happens next. In about one to two weeks…
Read MorePreparing for the Chapter 7 Bankruptcy Meeting of Creditors and Meeting with your Chapter 7 Trustee
In our last video, we discussed the timeline and events that happen after you file for chapter 7 bankruptcy. Now you are going to prepare for your Chapter 7 Bankruptcy Meeting of Creditors. This meeting is conducted by your chapter 7 trustee. This trustee is randomly appointed by the United States Trustees Office. It will…
Read MoreYour chapter 7 bankruptcy case was just filed. What happens next?
Congratulations! Your chapter 7 bankruptcy case was just filed! So what happens next? We have a series of videos that discuss the next steps in your case from preparing for your meeting with the Chapter 7 trustee to waiting on your Discharge Order. This video focuses on exactly what happens after filing bankruptcy. Most cases…
Read MoreSet up National Data Center Account
If you are a debtor in a chapter 13 bankruptcy in the Southern District of Texas you need to get an account set up with the National Data Center . The National Data Center is where your chapter 13 trustee stores information about your case. Head over to https://www.ndc.org/home to get started. You are going…
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