Tag Archives: bankruptcy court
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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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A recent bankruptcy court decision illustrates a common forbearance problem. After missing three consecutive mortgage payments, debtors entered into a Mortgage Forbearance Plan (MFP) with their lender. The plan provided for reduced mortgage payments for six months. The court found that “the parties anticipated that at the end of the six months, the lender would… Read More »
