Law Offices Of John C. Hanrahan, LLC
Skilled Attorney In Frederick, Maryland
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January 2019 Archives

The impact of bankruptcy on your credit rating

Despite the many benefits of filing for bankruptcy, such as the ability to discharge or reorganize debt, there are potential disadvantages to be aware of as you consider your next step. For example, you need to fully understand what will happen to your credit rating if you proceed with a bankruptcy filing.

Can student loans be discharged in bankruptcy?

An increasing number of young people in the United States are now going to college. For the majority of college students, loans are taken out in order to pay for tuition and living expenses. At the time, college students take out these loans thinking that they will be able to make repayments effortlessly when they gain high paying jobs after graduation. However, the reality is usually not so simple.

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Frederick, MD 21701

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