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Category Archives: Bankruptcy

WHAT IN THE HELOC CAN I DO ABOUT THIS

H.E.L.O.C. or Heloc is an acronym for Home Equity Line Of Credit.  Many, many people took out these types of loans several years ago when real estate was booming and the inflated values created significant equity against which to borrow.  Many of those Heloc borrowers did not then, or perhaps do not still, realize that […]

BANKRUPTCY & DRIVERS’ LICENSES

                Who would have ever thought there would be a legal connection between bankruptcy and drivers’ licenses?  The attorney specialists at Pollak, Hicks & Alhejaj, P.C. know full well and have helped people based on that knowledge.                 In Nebraska, like many states, if you are found to be at fault in a traffic collision, […]

“HELP! MY CAR WAS JUST REPOSSESSED!” – There is a way to get it back…

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THE TIMES THEY ARE A CHANGING: DEVELOPING STORIES REGARDING STUDENT LOAN DEBT AND BANKRUPTCY

While as of yet it remains difficult to discharge student loan debt obligations in bankruptcy, it is not impossible.  Currently, bankruptcy courts are hearing lawsuits called adversary proceedings to determine if financially troubled people appearing before it suffer sufficient hardship to qualify for discharging (wiping out) all, or part of, their student loan debt.  Outside […]

BANKRUPTCY IS INTERESTING: AND HELPFUL -a brief (7 Paragraph) History)

The contemporary American Bankruptcy Code (11 U.S.C. Sec. 1101 et seq.) provides for the most simple, straightforward situations as well as extremely complicated ones.  Bankruptcy laws can now be used not only to get out of debt; but also, to get out of contracts; get out of leases; get repossessed property back; get drivers’ licenses […]

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