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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.

3 posted on 08/06/2014 6:51:44 AM PDT by cloudmountain
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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..........................)
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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.)
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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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