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‘I want desperately to file for bankruptcy.’ I’m an attorney with more than $200K in student loans — how should I handle this debt?
Market Watch ^ | March 21, 2022 | Alisa Wolfson

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?

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To: vpintheak

“Smart enough to become a lawyer. Stupid enough to get hundreds of thousands in debt and not blink and eye until it’s time to pay the piper.”

I’m pretty sure I don’t know any lawyers who are good at math.


161 posted on 03/21/2022 12:00:29 PM PDT by BuchananBrigadeTrumpFan (If in doubt, it's probably sarcasm)
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To: PIF

Wonder if she participated in Spring Break at some exotic location with her student loans.


162 posted on 03/21/2022 12:33:16 PM PDT by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: CommerceComet

... and a new car.


163 posted on 03/21/2022 12:34:33 PM PDT by GOPJ (We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand)
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To: grundle

Didn’t learn much in Law School did you? School loans are exempt from bankruptcy relief, thanks to Obama.


164 posted on 03/21/2022 5:17:28 PM PDT by itsahoot (Many Republicans are secretly Democrats, no Democrats are secretly Republicans. Dan Bongino.)
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To: grundle

He can sue himself and should be able to write off his legal debt in bankruptcy.


165 posted on 03/21/2022 10:48:16 PM PDT by minnesota_bound (Need more money to buy gas)
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To: Codeflier

“5. The debt snowball ... I couldn’t sleep at night if I knew I was paying off something that was 5% APR, instead of something that was 18% APR. I think I would go insane.”

I slept way better at night as I saw significant progress in the total amount of debt (and number of debts), dropping like flies.

The real trick is to pay extra against the principle amount owed.


166 posted on 03/27/2022 1:37:26 PM PDT by castlebrew (Gun Control means hitting where you're aiming!))
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