Customer Reviews

Bankrupt Your Student Loans: And Other Discharge Strategies

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For anyone in financial straits who feels hopeless about massive student loan debt, this is a MUST READ. It is written in layperson's terms and explains step by step why it has been virtually impossible for people to discharge their student loans in bankruptcy. Also see Alan Collinge's book The Student Loan Scam. This is a public issue that needs to be addressed by Congress. Check out studentloanjustice.org.

This is an excellent book that gives you a chance to have your student loans discharged, or at least reduced. It gives detailed instructions for preparing your own case, and representing yourself in bankruptcy court, thereby saving thousands of dollars in attorney fees. The author has actually successfully handled his own student loan adversarial proceeding, so he knows what he is talking about.

If you have student loan debt, you should buy this book.

Any book entitled "Bankrupt your Student Loans" is misleading to the vulnerable people out there willing to try anything to solve a student loan debt problems. Unless you are permanently disabled or have other (usually medical) problems that rise to that level of gravity, you will not be able to discharge student loans in bankruptcy. Other loans can be discharged, but not student loans unless "undue hardship" is established. The courts have made this an almost impossibly high standard and the process of proving it is not something non-lawyers can practically do as it involves expert testimony and a trial. If you are really is disastrous straights and likely to be unable to ever work again in your life because of health issues, try contacting the Volunteer Lawyers Project in Boston. Alternatively, if you're like most other people out there that just have too little income right now to make the requested student loan payments, there are resources out there to help rehabilitate loans and get into an income-based repayment plan. In either case, save the money you would otherwise spend on this book.

With school getting too expensive we wonder who can really afford to go to university in the future. Either be rich and go to school or be poor and don't go to school or be poor and go to school to stay poor by being a highly paid and highly educated but highly billed by student lender professional. I'm approaching $200,000 in student loans from having had challenges in school and I'm not in the clear yet. I have VA rated issues that have made it challenging. It is hope that I have this option if I need it which is not a far off possibility. This info is invaluable.