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National Bankruptcy Forum is a blog and attorney directory devoted to helping the public learn about bankruptcy and debt.

Entries by Moderator

Corinthian Colleges Students Eligible for Loan Discharge

Get out of student loan debt free? If you’re a former student of Corinthian Colleges, you might. The for-profit Corinthian Colleges, which stopped operating in 2015 and displaced more than 10,000 California students, was under fire by the U.S. Department of Education after it found the schools made false claims about their post-graduation employment rates […]

10 Statistics about US Medical Debt that Will Shock You

Medical debt is a big problem in the United States. For years, it’s been the No. 1 reason people file for bankruptcy — even though the more common assumption is that those struggling financially have been overspending in other areas of their life. Luckily, bankruptcy can be a helpful solution for a lot of people. It’s […]

Can I Keep Livestock and File Bankruptcy?

People who are considering bankruptcy often wonder whether they will be able to keep their property, and farmers are no exception. People who keep livestock and grow crops for a living are often worried that by filing for bankruptcy, they will end up putting themselves in a position where they will be forced to part […]

Household Debt Near Great Recession Level: What Does it Mean?

Although bankruptcy filings have been trending downward for years, household debt is expected to hit a new record in 2017. It may seem like a big number, but fewer than 800,000 people filed for bankruptcy in the U.S. last year. Just six years ago, that amount was double. Will household debt start to catch up […]

Chapter 7 Bankruptcy in Massachusetts: What You Need to Know

You’re in debt and are doing research online, so you’ve probably already encountered some general information about bankruptcy. But what do you need to know about bankruptcy if you’re filing in Massachusetts? Before you dive into your Massachusetts research, make sure that MA law applies to your case. If you just moved to MA, your […]

How many people filed for bankruptcy in 2016?

Bankruptcy filings are continuing to decline, with fewer than 800,000 people filing in federal courts last year. All bankruptcy cases are handled in federal courts, per the U.S. Bankruptcy Code. Although 800,000 seems like a lot, it pales in comparison to the height of the economic collapse in September 2010, which saw nearly double the amount […]