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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 ^ | January 20, 2022 | Alisa Wolfson

Posted on 01/20/2022 6:11:37 AM PST by grundle

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1 posted on 01/20/2022 6:11:37 AM PST by grundle
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To: grundle

Generally, with very few exceptions, student loan debts are not dischargeable in Bankruptcy. This person can file for bankruptcy but will not get out from under the student loan debts.


2 posted on 01/20/2022 6:14:19 AM PST by srmanuel (`)
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To: grundle

The person is an attorney, one of the highest income groups in the country. PAY YOUR DEBTS.


3 posted on 01/20/2022 6:14:22 AM PST by rdcbn1
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To: grundle

Stage a slip-and-fall accident at a big box chain. Find an attack-dog attorney to get you a big pay out.

Or maybe just pay your bills.


4 posted on 01/20/2022 6:15:44 AM PST by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: grundle

Wow, don’t care about this guy. This is how debt works. And declaring bankruptcy will not relieve you of the obligation. Pay your debts. And stop crying. You are the one who agreed to the debts. You could have gone to cheaper colleges. You did not.


5 posted on 01/20/2022 6:15:57 AM PST by poinq
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To: grundle

How does someone so ignorant pass the bar exam?


6 posted on 01/20/2022 6:16:17 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: grundle
Give up your law license and agree,under the pains and penalties of perjury,never to get another one and your debt will be cut by 25%.

Otherwise,go fornicate yourself!

7 posted on 01/20/2022 6:16:33 AM PST by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: grundle

He’s an attorney, he can sue himself.


8 posted on 01/20/2022 6:17:13 AM PST by READINABLUESTATE ( ‘When tyranny becomes law, resistance becomes duty.’)
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To: grundle

This attorney is prima facie evidence of why the money was an absolute waste.


9 posted on 01/20/2022 6:19:13 AM PST by mywholebodyisaweapon ("Carthago Delenda Est")
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To: grundle

Hmmmm, wouldn’t a competent attorney, or even a Democrat one know how to do this?

Something smells Obama-y here.


10 posted on 01/20/2022 6:19:30 AM PST by Da Coyote
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To: srmanuel

Wonder if they’re willing for forfeit their law degree as well?


11 posted on 01/20/2022 6:19:36 AM PST by IllumiNaughtyByNature (The kernel of our firm's job is to go with lots. - tnlibertarian job offer letter)
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To: rdcbn1

Spot on. Work up your billable hours, establish a history of success to merit a high hourly fee, and PAY YOUR DEBTS as an honorable, self-respected professional should!


12 posted on 01/20/2022 6:20:02 AM PST by glennaro (Stop living your precious life in irrational fear. Live unmasked, unvaxxed, unbullied and unafraid.)
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To: grundle
So, you are:

"...an attorney with over $200,000 in federal student
loan debt, and I desperately want to file for bankruptcy
on these loans...
"

So - an over $200K law degree, and you are asking for help
in filing for bankruptcy?

Granted - a law degree is NOT the same as an accounting degree.
But maybe you could (just maybe) have seen this coming and
MINORED in accounting.

But hindsight is 20/20, yeah...

13 posted on 01/20/2022 6:21:03 AM PST by GaltAdonis (As a nation of freemen we must live through all time or die by suicide. Abe Lincoln)
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To: grundle

One, pay your debts. Two, this needs to be turned back on the liberal academia establishment for such fraud and grift.


14 posted on 01/20/2022 6:22:24 AM PST by KC_Conspirator
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To: rdcbn1

The collective annual income average of attorneys is less than 100k per annum. Some studies say close to 50k. Another interesting thing I heard is that there are almost as many people in law school as there are actual attorneys. Maybe bc the baby boom lawyers are dropping like flies.


15 posted on 01/20/2022 6:26:05 AM PST by KierkegaardMAN (I never engage in a battle of wits with an unarmed man.)
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To: grundle

You’re an attorney? Pay the damn money back.


16 posted on 01/20/2022 6:26:37 AM PST by weezel
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To: grundle

I had to take out a loan last year to pay for extensive dental work for my wife. I’d like to have my loan to be forgiven or eliminated. The tax-paying red-state white racist schmucks can pay it for me. / s


17 posted on 01/20/2022 6:27:27 AM PST by Sans-Culotte (11/3-11/4/2020 - The USA became a banana republic.)
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To: grundle
I would say:

"You signed a contract. You made a choice.

You went to some big college with big tuition instead of a smaller one with smaller tuition. You lived on campus instead of commuting from home.

If you are completely destitute, that is one thing. But I suspect you aren't.

You probably live in a nice home, have 1 GB up and download Internet, have a top of the line cell phone, go on vacations or weekend trips, go to restaurants, etc.

You probably have 1000 channels of cable television, with 70 inch top of the line flat screen televisions in multiple rooms. Nice cars, probably more than one. A gym membership I would guess. Nice clothes?

Just how much of that loan have you paid off? Any of it? Even just $100 a month? $50 a month?

There was a man named James J. Braddock who was destitute and took government handouts during the depression. Against all odds, he somehow became a championship boxer, and resolved to pay back the money that he had taken from the government, which he took because he couldn't feed his family.

You took out that loan with all the foreknowledge and advantages of anyone who can take out a loan. Instead of paying it back as you should, which you legally agreed to do in a contract, you want to be given an out?

Are you going to return the education you received as well? If any of the above describes your life and you haven't pared your lifestyle to its bare minimums in order to meet your uncoerced, legal obligations under a signed contract, that you voluntarily sought out and of your own free will signed, you should be ashamed of yourself."

18 posted on 01/20/2022 6:27:46 AM PST by rlmorel (Nothing can foster principles of freedom more effectively than the imposition of tyranny.)
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To: grundle

In other words.......how do I make my problem, your problem.


19 posted on 01/20/2022 6:29:08 AM PST by vespa300
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To: grundle

A poor attorney?...............................


20 posted on 01/20/2022 6:30:21 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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