bobbyw24
11-09-2011, 06:59 AM
by Kurt O'Keefe, Attorney at Law
Post image for Student Loans In Bankruptcy
At least the graduate in the picture has a job. Being that is involves wearing a chicken suit, it might not produce enough scratch to pay off his share of the more than $1 trillion dollars in student loan debt now owed in our country.
The issue is no this site because now, more than ever, it is difficult to get student loans discharged in bankruptcy.
My colleague Chip Parker wrote here about student loan dischargeability in Chapter 7 bankruptcy.
There is a student loan bubble, comparable to the housing bubble, the bursting of which splattered us all. The short version, as the government subsidized the cost of college, more and more, unsurprisingly, more and more folks went to college on the easily borrowed dime of the taxpayer.
http://www.bankruptcylawnetwork.com/student-loans-in-bankruptcy/
Post image for Student Loans In Bankruptcy
At least the graduate in the picture has a job. Being that is involves wearing a chicken suit, it might not produce enough scratch to pay off his share of the more than $1 trillion dollars in student loan debt now owed in our country.
The issue is no this site because now, more than ever, it is difficult to get student loans discharged in bankruptcy.
My colleague Chip Parker wrote here about student loan dischargeability in Chapter 7 bankruptcy.
There is a student loan bubble, comparable to the housing bubble, the bursting of which splattered us all. The short version, as the government subsidized the cost of college, more and more, unsurprisingly, more and more folks went to college on the easily borrowed dime of the taxpayer.
http://www.bankruptcylawnetwork.com/student-loans-in-bankruptcy/