Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman When Rebecca Wills pictures the home she would like to buy, it looks like the one she grew up in: Small house. Big backyard. Enough grass for the family to lie out on when the New Jersey summers cooperate. “A place where you can come take […]
Personal bankruptcy is not a rich people problem
By Jana Kasperkevic • Apr 10, 2018 Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. When we think of bankruptcy, we often think of celebrities who have gone broke, companies that failed and crooks who are trying to cheat the system. But as it turns out, bankruptcy is most common among middle-class Americans. On […]
6 Tips for Avoiding the Worst Student Loan Repayment Traps
Submitted by New Jersey Bankruptcy and Student Loan Debt Lawyer, Lee M. Perlman. Whether or not you believe the allegations, the jaw-dropping dossier of sins that the Consumer Financial Protection Bureau accuses the nation’s largest student loan servicer of committing is useful for two crucial reasons. First, it’s a reminder of just how much can […]
In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Amid a haze of grief after her son’s murder last year, Marcia DeOliveira-Longinetti faced an endless list of tasks — helping the police gain access to Kevin’s phone and email; canceling his subscriptions, credit cards and bank accounts; and arranging his burial in New Jersey. And […]
How REPAYE Differs From Other Income-Driven Repayment Plans
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. In early 2015, President Obama proposed the Student Aid Bill of Rights, which included a provision to make it easier for borrowers to repay their students loans. As the result of this provision, the government introduced a new repayment option for federal student loans: Revised Pay […]
How to Approach Student Loans, as First Payments Come Due
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. IF you graduated from college last spring, it may soon be time to start repaying your student loans. Many federal student loans come with a six-month grace period after graduation, during which payments are not required. The idea is that new graduates need some breathing room […]
A Student Loan System Stacked Against the Borrower
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. “It feels like I’m being set up to fail.” That’s how Patrick Wittwer, 31, described his experience trying to repay his roughly $50,000 in student loans. Between misdirected payments by one of the companies servicing his loan and the abusive collection tactics he encountered when he […]
5 ways to avoid predatory student loan scams
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you’ve got student loans, chances are you’ve seen an email or Facebook ad that says something like this: “Call now to qualify for President Obama’s Student Loan Forgiveness program.” Sounds official, but that voice in the back of your head saying you should probably be wary is right. […]
11 myths about student loan forgiveness
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even […]
Private student loans may be more of a headache than you want
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman Originally published here by the Washington Post. Given the high cost of public and private universities, chances are most families will have to borrow some money to pay for school. But as they decide between student loans offered by the government and those offered by financial firms, consumer […]
