About Carol Stone

Carol Cross Stone is a Bankruptcy Attorney with 35+ years of experience.

Federal Student Loans Easier to Discharge In Bankruptcy

Easier is not the same as easy! In the past, discharging federal student loans in bankruptcy has been very difficult. The Department of Justice fought discharges tooth and nail. Discharging student loans through bankruptcy was unrealistic because it was expensive and exhausting for borrowers (and their attorneys). The Department of Justice has released [...]

2023-01-12T17:50:19+00:00January 12th, 2023|Student Loan Resources|

Surprised By A Medical Bill?

Nothing is worse than worrying about how much you will have to pay for medical care. Effective January 1, 2022, the new "No Surprises Medical Act" is supposed to make medical billing more certain. Don't have health insurance? If you don't have insurance, your medical provider is required to provide a "good faith" estimate [...]

2022-02-22T23:03:25+00:00February 22nd, 2022|Blog|

Public Servant Student Loan Forgiveness Waiver Opportunity Deadline!

If you are a public servant, such as first-responder, teacher, government employee, non-profit employee, nurse, etc., you have a limited window to obtain credits for payments made under the Public Servant Forgiveness Program. Under the Public Servant Forgiveness Program, a student loan borrower with qualifying loans is required to make 120 qualifying payments. Then, [...]

2022-02-07T17:33:52+00:00February 7th, 2022|Blog, Student Loan Resources|

How to stop automatic payments

Sometimes, you need to stop autodrafts. That may be because a company is drafting your account without permission. Or maybe you are barely keeping afloat and need to cancel nonessential payments. Some companies are difficult to deal with. But you have a right to stop automatic debit payments under federal law. Here are the [...]

2021-09-06T22:39:27+00:00September 13th, 2021|Bankruptcy General Topic|

Melting the Snowball

The Snowball Method A popular method for paying down debt is known as the snowball method, introduced by Dave Ramsey. This method focuses on paying off the smallest debt to the largest. Once you’ve paid off one debt, you take the money you would have paid on that small debt and apply it to the [...]

2021-05-28T04:33:27+00:00January 27th, 2021|Bankruptcy General Topic|

Receivership Definition

Receivership - If you are sued and end up with a judgment against you, a debt collector may try to collect through a receivership. This is where the debt collector asks the state court judge to appoint a receiver to assist in collecting the money owed on the judgment. Under Texas law, the receiver may [...]

2021-03-04T00:25:43+00:00January 19th, 2021|Glossary|

Hope for Student Loan Borrowers

For federal student loans, the forbearance program is extended until at least January 31, 2021. This means at least a temporary pass on qualifying loans with no interest for a few more months. At Cross Stone Law, we only handle bankruptcy cases. We will evaluate your student loan debt for the possibility of discharge [...]

2021-03-03T21:49:23+00:00December 8th, 2020|Student Loan Resources|
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