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Posts Tagged ‘Declaring Bankruptcy’

 

What happens if you have significant debt after declaring bankruptcy in the last 7 years?

Sunday, March 29th, 2009
Tired Momma asked:


A friend has found herslef in a lot of debt and just went bankrupt two years ago. What happens when she can no longer pay her bills? Could she go to jail?

Thank you!

Vernon

 

What is the fastest way to get rid of student loan debt?

Friday, March 27th, 2009
Ubiquitous asked:


I’m paying off a lot of credit card debt and currently have my student loans in a deferral status. But the big monthly payments will start up again at the end of this year.

Aside from trying to “drop off the radar screen” or looking for a much better-paying job that would quickly burn me out, I’m curious if anybody has any leads on this matter.

Thanks!

PS: Don’t recommend declaring bankruptcy because student loan debt is exempt from that.

Todd

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