by Judith Croteau
Facing the prospect of student loans and an unsure economic future, many students are unaware of procedures that can help them ease the burden of debt. This article explores some options for declaring bankruptcy.
In this economy, it is very easy to fall behind on a few payments, particularly if you are a returning student with life experience and the bills to go with it. Many are just a paycheck away from economic failure. The physical and emotional suffering from the stress of trying, and bill collectors bugging can be the last push over the edge. Something like an unexpected car expense or an astronomical medical bill can be the “straw that breaks the camel’s back.” For all these problems, bankruptcy can be a viable answer.