Author Archives: Matthew T. Nash
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“Is the money we have saved for our child’s education protected or not?” This is a frequently asked question by parents considering filing for bankruptcy protection. Obviously these parents don’t want to risk their child’s education fund. Saving for college is hard. Congress made it easier with Section 529 (named after the provision that created… Read More »
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How will bankruptcy impact my credit? This is usually the first question asked by potential clients when meeting with them. Most often since these individuals have made an appointment to discuss their options and are thinking about bankruptcy, their credit is already pretty damaged. A bankruptcy filing is reflected on your credit report almost immediately… Read More »
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It has been 25 years since Brunner established the three-prong test for determining whether the repayment of student loans imposes an undue hardship on debtors and their families. These prongs are listed below: You cannot maintain, based on current income and expenses, a minimal standard of living for yourself and your dependents if you were… Read More »