Any pilot who works for an airline that filed Bankruptcy should seriously consider doing the same thing. Especially if you were displaced or downgraded or went from line holder to reserve. The student loans were taken out with an expected level of income and a reasonable expectation of career progression, NOT a freakin decade at a regional. There's a workaround on private student loans in a Ch13. Stop paying the loans if you've been placed in a financial position by intentional decisions by management & whipsaw. The loans will be charged off and sold to a 3rd party collector. At this point it's no longer a student loan but its a privately held debt. It is dischargable at this point. The Ch13 process will enable you to become financially viable again and with the slate wiped clean & a Zero debt:income ratio your credit will fully recover much quicker than you could imagine. A Bankruptcy is nothing more than a financial/business decision and should be treated as such. There is nothing morally wrong with it, otherwise our employers wouldn't have done it right??? It would b EASY to explain in a future interview as well. You were forced into it by your carrier & subsequent cut in pay.

I wasn't there at the time, but I've been told that at DAL during the concessions & Bankruptcy that there were Suicides, Divorces & foreclosures. If THAT is ok, then why isn't it ok for the worker bees to do the same?