You know we have bankruptcy for reason. We see people everyday get in over their heads on credit cards, medical bills, etc., and that seems okay.
But students loans we seem to look at differently, why????????????
If you can’t make the payments, you can’t.
I would be perfectly comfortable with allowing this guy to default on his loans, but only if he allows us to strap him to electrotherapy machine so what he has stolen illegally (as worthless as it seems to be) can no longer be used by him.
It sounds to me like he made private loans with a private bank before the no-bankruptcy rule was in place. If that is the case, then the bank made a bad bet.