The payday lending industry is massive and profitable in states where it is legal. Americans borrowed nearly $29 billion from payday lenders in 2017 and paid a whopping $5 billion in fees. It’s no surprise that the payday industry has vigorously fought to fend off regulation and reform devised under the Obama administration.
The student loan debt crisis in the United States has been steadily worsening over the past 10 years. This month the total outstanding student debt reach a staggering high of $1.465 trillion! Data from the New York Federal Reserve indicates that the unrelenting climb in student loan debt shows no signs of slowing.
There can be nothing worse for a student than to have the whole school close down from underneath you, leaving you lost, dazed and confused. Now, it looks like 20,000 students of Brightwood College are locked out of school! Bankruptcy and Student Loan Lawyers like Chris Bush and D.J. Rausa can help you understand your debt relief options and find a solution that best fits your financial situation.
We are excited to announce the addition of San Diego bankruptcy attorney Chris Bush to the Debt Doc practice. Chris succeeds San Diego attorney DJ Rausa who has represented many clients, not only in the area of bankruptcy, but more specifically, as an expert in the rapidly growing area of Student Loan Law.
Chris has practiced consumer and small business bankruptcy for over 12 years and worked on thousands of cases. He has a passion to fight against and dispel the prevalent and harmful misinformation regarding bankruptcy filing and debt relief options. He has the experience to steer you in the right direction and help you legally resolve your debt burden.Chris’s passion is to provide personal, compassionate and creative bankruptcy representation that yields the best possible solution for his clients suffering under crushing debt. Bankruptcy laws and procedures are often misunderstood due to the prevalence of misinformation regarding debt and bankruptcy options. Chris has practiced consumer and small business bankruptcy for over twelve years and worked on over a thousand cases. He can assist you by clarifying the options available to you and finding the best solution for your case.
Chris Bush is active and has experience in the following areas of bankruptcy and debt relief.
“I know that everyone’s financial situation and burdens are unique and understand the power of listening.”
Whether you’re seeking relief from overwhelming credit card debt, medical bills, taxes, payday loans, or other personal debt, bankruptcy attorney Chris Bush can assist you in untangling the options to find the best solution for your specific debt relief case. You may be able to eliminate or reduce your tax debts, student loan debts, medical debts, or car loans. You may even be able to eliminate a home equity line or second mortgage. He’ll guide you to the best solution for your situation.
Schedule a free initial consultation with attorney Bush today. Contact us at (619)295-3322. We are available on weekdays, evenings and Saturdays for your convenience. Call us to learn how we can start you on the road to a brighter financial future.
The Arkansas Democrat Gazette recently reported that President Trump's administration is granting only partial loan forgiveness to most students approved for help because of fraud by for-profit colleges.
The new administration has adopted a different approach to student loan forgiveness for students defrauded by for-profit colleges. President Trump’s Education Secretary, Betsy DeVos, has rolled out a new policy of “Tiered Relief” in which defrauded students are compensated based on their earnings following completion of college programs.
California Attorney General Xavier Becerra filed a lawsuit accusing student loan processor Navient Corp. of harming consumers by failing to properly service the debts. Navient, one of the nation’s largest student loan servicers, services about $300 billion in federal and private student loans for 12 million borrowers, about 1.5 million of whom live in California.
Nothing can be more frustrating to a person who needs to restructure their personal finances than their inability to work with the creditors they owe. More often than not, the creditors want far more per month than they can afford. That is when seeking the advice of D.J. Rausa becomes so necessary.
First Come, First Served
If you thought you were out of luck to qualify for the Public Service Loan Forgiveness (PSLF) program because you were enrolled in graduated or extended repayment plans — Congress recently did you a favor.
Improving consumer protections for federal and private student loans to help ease student loan debt is the aim of an amendment to the Economic Growth, Regulatory Relief and Consumer Protection Act introduced March 8 by Illinois Senator Dick Durbin. It includes a Student Loan Borrower Bill of Rights as well as some bankruptcy protections.
The National Association of Consumer Bankruptcy Attorneys (NACBA) has learned from a number of its members that the Department of Education (DOE) and its student loan servicers are kicking out bankruptcy debtors from their income-driven repayment plans. This is happening when debtors file Chapter 7 or Chapter 13 — even if they are current on their student loan repayments.
If you have defaulted on your federal student loan — you are not alone. According to a September 2017 article in the Washington Post, “the share of people not making payments on their federal student loans within three years of leaving college has risen, reversing five years of reported declines in new defaults.”
The shift is subtle — up to 11.5 percent from 11.3 percent from 2015 to 2016 — but the raw numbers show what a significant issue this is. Of the more than 5 million people who began repaying their student loans in October 2013, 580,671 defaulted.
Last week the U.S. Department of Education announced their latest move to assist some individuals with financially debilitating student loan debt. This part of the Obama Student Aid Bill of Rights, is directed at hundreds of thousands of borrowers who are permanently disabled and cannot work. The Department of Education started sending out letters this week to student loan borrowers that have been identified, with the help of the Social Security Administration, as receiving disability payments and are eligible to have their student loans discharged. This type of student loan relief is known as a “Total and Permanent Disability” loan discharge. There were 387,000 permanently disabled individuals identified, with nearly half of these currently in student loan default, as qualifying with an estimated $7.7 billion in student loans.
The U.S. Department of Education announced, on March 25, 2016, that evidence uncovered in its ongoing investigation of Corinthian Colleges, Inc. indicates that students were defrauded at 91 former Corinthian campuses nationwide and that those students have a clear path to student loan forgiveness. Students in more than 20 states who attended Corinthian's Everest or Wyo Tech schools, now represent the largest group of borrowers eligible for loan relief as a result of the Department of Education's investigation into Corinthian.
San Diego bankruptcy litigation attorney Chris Bush uses his knowledge and litigation skills in matters involving tax debts, child and spousal support enforcement actions and consumer bankruptcy. He appears on behalf of clients throughout San Diego and Imperial Counties, advocating for clients in cases involving:
Attorney Bush advocates for individuals and families consumed by debt after dealing with catastrophic medical bills, job loss, and other factors. Contact him today to discover whether you qualify for debt relief through Chapter 7 or Chapter 13 bankruptcy.
During a free initial consultation, attorney Bush will address your pressing financial concerns and advise you on the new bankruptcy law myths.
Free Initial Consultation * Evening and Weekend Appointments Available