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Money and Finances
Reply to "Struggling with finances... Don't know what to do anymore"
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[quote=Anonymous][quote=Anonymous] sorry to hear this. law school is definitely a scam now-a-days. is there a way to get as much credit card debt or other debt now, and use it to pay off the student loans, even if at high interest rates, then wait 6 or so months and THEN file for bankruptcy? i.e., a way to get the student loan debt discharged? the bankruptcy court can claw back a lot of transactions, but I think there is a time limit involved. I'm sure others have tried this, so its probably impossible, but good luck. [/quote] OP is essentially doing just that by putting living expenses on the credit card because they can't afford to pay the utilities. I assume though her husband would have a hard time working as a lawyer with bankruptcy on his record -- although that only lasts for what, 7 years? meanwhile he needs to work 10 at the non-profit to reduce his loans. OP would it reduce all his loans? [/quote]
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