Law Office of Stuart A Young P.A.

10/11/2023

Finally, there is a way to discharge , eliminate or reduce Federal student loans in bankruptcy.

Student loans may be discharged in bankruptcy IF they represent an undue hardship to you. Most of us would agree that large student loans are typically quite a hardship to pay. For many years the legal burden of proving that student loan debt was an “undue hardship” has been quite difficult. In fact, though I had been a Board Certified Consumer Bankruptcy lawyer since 1999, I had only been able to help my clients meet this burden five times and these clients were totally disabled, with only Social Security Disability income.

Did Congress pass a law to make discharge of student loans easier? No, but President Biden essentially directed the U.S. Attorney’s General’s Office to loosen the criteria for its definition of “Undue Hardship”. This loosening of the requirements may only exist for a very limited period of time and if a new administration should come into the White House, then these “loosened” requirements are sure to be discontinued. I think that these matters should be filed as quickly as possible since this opportunity may not last long.

Now and perhaps for a limited time only, under current rules we need only prove the following:
1) That the debtor is unable to maintain a minimal standard of living for themselves and their family with their current income and living expenses

2) That there is no reasonable likelihood of a change in the debtor’s other expenses or their income during the term of the student loan

3) The Debtor has attempted to make payments with “good faith’ efforts.

The U.S. Attorney General’s Office estimates that debtors will be able to discharge student loans in bankruptcy in 80% of the filed cases.

There is a considerable amount of work to be done in order to accomplish discharge of student loan debt including the filing of an adversary complaint (lawsuit) in the US Bankruptcy Court.

As a Board Certified Consumer Bankruptcy lawyer, I have extensive experience in the discharge of student loan debts, tax debts and other specialized debts. Please feel free discuss these and other matters with me by simply calling to schedule a free consultation.

04/29/2022

Cases like this are rare BUT they have happened, even right here in Palm Beach County. Better to be honest and get that discharge!

Former tennis star found guilty of four charges by a jury at Southwark crown court earlier this month

04/08/2022

An honest debtor in bankruptcy can discharge debts and keep most, if not all, assets. A dishonest debtor? Problems...

Six-time Grand Slam champion Boris Becker was convicted of four charges under the Insolvency Act, including removal of property, concealing debt and two counts of failing to disclose estate assets after he was declared bankrupt.

03/06/2022

Perhaps we should all be cash cows…

06/18/2021

Important words from your lawyer:

06/04/2021

When your total debt exceeds half of your net annual income, it is time to meet with a lawyer like me. Credit repair is typically a hoax and ineffective. Before you sign up with a credit repair shop or debt consolidation company, check them out on ripoffreport.com. The Better Business Bureau rating is typically not very helpful. Better yet, just schedule a free confidential consultation with me and learn more.

03/21/2021

Well, we can dream about this one day...lol!

02/21/2021

Check out this article from The Palm Beach Post:

Commentary: I interviewed 48 bankrupt Americans. Here's who they blame for their financial troubles

Most blame the 'entitlement' of others for ruining things for 'hardworking Americans.' Mostly, that meant members of minority groups.

05/14/2020

We are now seeing clients in our office, we ask that all visitors please wear a face mask and follow CDC social-distancing guidelines.

05/14/2020

We are now seeing clients in our office, we ask that all visitors please wear a face mask and follow CDC social-distancing guidelines.

05/11/2020

It is always so nice to get a very positive review...This just arrived...

Initially, I dreaded the thought of having to face the music of my inevitable bankruptcy and find an attorney I would feel confident in and actually believe I could "trust." I did a lot of research on several different attorneys that specialize in Chapter 7 bankruptcy in South Florida, but I always found myself and many recommendations that reverted back to this gentleman. I got in touch with another attorney (to have options) who demanded a payment up front just to talk to her on the phone and explain my situation, which made me feel great revulsion in the way a potential client was treated, especially when money is already an issue. Mr. Young saw my request to be contacted for inquiring about Chapter 7 and called me personally within the next day or so. He was both outgoing and professional and eager to help me to earn my business and watch my financial dread disappear. Since I have never dealt with attorneys or bankruptcies, I was very nervous going to our first meeting and did not have any idea what to expect. Mr. Young has great energy and a personality where you feel at ease. I decided to allow him take over my bankruptcy case on our first meeting after driving over an hour to his office and left feeling very optimistic and hopeful. Throughout the time of waiting for my 341 Meeting of Creditors to take place, his paralegal (Mrs. Hoffman) and legal assistant (Mrs. Cedeno) were always on top of things and were very easy to get in touch with if a question needed to be answered. Looking back, I wish I had saved myself so much stress from the thought of the unknown and just trusted Mr. Young the first time he told me everything was going to be okay. Sometimes things don't go as initially planned in life and I wholeheartedly believe that Mr. Young wanted to see me have another chance when it comes to financial freedom. He is very open, blunt, and informed on both the state and federal bankruptcy laws--which are characteristics that are pleasing to have in an experienced attorney. I owe this gentleman more than a good review for all the hassle he has taken away from me. I am finally able to remember what it is like to smile not have a gray cloud always following me thanks to him. I would highly recommend out of all the attorneys that specialize in Chapter 7/Chapter 13 bankruptcy that you chose Mr. Stuart Young to be the gentleman that fights for your case and freedom. He truly appreciates his clients and the line of work he does and for that, I will forever be thankful. He is now one of my heroes.