To: Innovative
Yes, it is sad. I think they're still in shock.
They aren't off the hook for the debt, though. Maybe some sharp attorney will advise them to do something clever. I hope so.
To: cloudmountain
They aren't off the hook for the debt, though. Maybe some sharp attorney will advise them to do something clever. I hope so. As I recall, student loans cannot be cleared by bankruptcy, for the student borrower, but I don't know if the same holds true for a co-signer of the loan. They might look into this angle........................
30 posted on
08/06/2014 7:09:47 AM PDT by
Red Badger
(If you compromise with evil, you just get more evil..........................)
To: cloudmountain
Maybe some sharp attorney will advise them to do something clever. I hope so. Well, if they're federally backed, I doubt there's anything they can do. IIRC, federally backed student loans cannot be discharged in bankruptcy, even in the case of death of the primary borrower if you are a co-signer.
42 posted on
08/06/2014 7:21:57 AM PDT by
IYAS9YAS
(Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
To: cloudmountain
Maybe some sharp attorney will advise them to do something clever. I hope so.Why? So the debt is spread out to everyone else? Maybe you enjoy paying for everyone else but I'm sick and tired of it. They co-signed so it's their debt. It's not my debt.
62 posted on
08/06/2014 7:44:21 AM PDT by
bgill
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