A 341 Meeting of Creditors is a necessary step in the bankruptcy process in the United States. Its primary purpose is to verify the bankruptcy details and ensure all required paperwork in filed bankruptcy is accurate. During this meeting, the person filing for bankruptcy (the debtor) will answer questions under penalty of perjury about the […]
Student loan forbearance allows borrowers to pause or reduce their monthly payments temporarily. During federal student loan forbearance, interest continues to accrue on the loan, which means the total amount you owe may increase over time. Forbearance is like hitting a pause button on your student loan payments. It’s a short-term fix for up to […]
Since the onset of the pandemic, the US economy has been on a path to recovery. This has allowed many borrowers to reap benefits from their forbearance plans in response to COVID-19, which have been an effective tool for risk mitigation. An overwhelming majority of people defaulting on their loan agreements choose to defer payments […]
