Originally Posted by
Lbell911
You can't file bankruptcy on student loans, they "never" go away like other debit!!!!!! (but you can write off the amount you pay in intrest each year, on your taxes......mom's a CPA)
You can file bankruptcy on private loans but not federal loans. I had a buddy who took out huge loans, got all his education and then filed for bankruptcy. His logic would be if we would repay he would be up to debt for the next 7 years not being able to afford anything anyway so why not file and then in 7 start from scratch again.
I was "lucky" enough to be hit by an 18 wheeler and get enough money to pay off a good chunk of my loan and credit cards so now my payment is about $250 a month and I have some cash in the back to relax with.
Go find yourself a truck boys
