Posted on 03/21/2022 6:42:00 AM PDT by grundle
Question: I’m an attorney with over $200,000 in federal student loan debt, and I desperately want to file for bankruptcy on these loans. I’m on an income-driven repayment plan and would like my student loans to be forgiven or eliminated, if that option is available to me. Can you please help?
(Excerpt) Read more at marketwatch.com ...
Well you can wish in one hand and crap in the other and see which one gets filled first!
https://m.youtube.com/watch?v=RV-p51fvYLc
Anyone who graduated from law school and passed the bar examinations - and yet remains so clueless about bankruptcy law (and so lacking in professional resources and connections) that they need to resort to asking for help on a public advice column…
…perhaps they COULD make a case that they deserve to have their law school tuition refunded.
The $200K includes your living expenses? You want tax payers to pay for these? More bluntly, you want me to pay for these? After 7 years of school you really think you should be asking such a dumb-ass question? How many clients do you think would sign on with you if they knew you asked such a question. I know one who would immediately walk out the door.
“Total Cost of Law School
Over three years, a law student can expect to pay anywhere from $87,222 (in-state, public school) to $153,804 (private school) and up. ... according to BLS, the median salary of a lawyer is $126,930 as of 2020, with the top ten percent earning more than $208,000 per year.”
https://www.collegeavestudentloans.com/blog/how-much-does-law-school-cost-average-law-degree-tuition-costs/
That and that they’ll need to report the bankruptcy to the Bar. Although it rarely happens, depending upon the circumstances, the attorney can be disbarred.
and promise you’ll never practice law... right?
Dave...is that you???
Dave’s not here Man !
Might have to narrow it down a bit. ANYTHING is better than an attorney...even the job cleaning the colonoscopy equipment is more preferable than the “legal profession!
If you were headed to bankruptcy, wouldn’t the best plan be to max out your credit cards on cash advances and purchases of items that can be easily converted into cash?
Then you use that cash to pay off or pay down the student loans.
When you default or declare bankruptcy the credit card debt goes away, and the student loan debt you have that will not go away is so much smaller because of your actions.
Lot’s of dumbass Jacoby’s out there..............
If an attorney has to ask this his education is worthless..................
Where do people get these ideas?
You are very correct - financial discipline is something we all need, especially our congress critters.
Back in the Carter high inflation days, a financial services company, I believe it was Fidelity, had an interesting series of commercials. They would take the cost of things like your daily cup of coffee, and take it out 20 years at high interest rates, and show you the FV, if you invested it or, in this case, paid down debt. Really powerful stuff.
If his loans are “forgiven” (paid for by the chump taxpayer) the I want a check for 200k for not having any college debt. Seems fair.
I worked for a so-so>>>>>>poor paycheck, paid most of debts, no college debts, am now retired on S.S. & still paying a few debts but am not underwater. I should think an attorney could pay his way. I just paid a bill for a very minor job done by an attorney & based on that, I should think an attorney who is doing anything at all could pay his bills.
Build momentum - This is the way.
Otherwise, you're going to be waiting a long time to see a dent in that highest-rate debt balance. You'll get bored with the lack of progress and lose interest (so to speak).
Well i have some debts i would like to be forgiven or paid off. Apparently this atty doesnt have a clue. If i can get debts forgiven i would run them up a bit first, new boat,motorhome etc. I mean if i going to wish, wish big.
Finding some clients vs posting to a website would help.
“Worked for us when we were drowning in financial debt.”
FREEDOM!
If this attorney cannot pay off a $200,000 student loan, how is he going to afford a mortgage? I suppose he expects that society owes him a nice home too.
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