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  1. #1
    Join Date
    Sep 2005
    Posts
    2

    Default Finding Bankruptcy Help

    Hello, I am new to this forum and to the world of debt and bankruptcy. I am hoping someone can help me. i am currently in debt from school and cc that i used to live off of at school. I am hoping that I do not have to file bankruptcy because I am so young. so here is my question (Finally): are there other options that I can look into besides bankruptcy? Any advice would greatly appreciated.

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Bankruptcy

    It is impossible to advise you without knowing a lot more about your situation, debt, future income, etc. Most student loan debt can't ordinarily be discharged in bankruptcy; credit card debt usually can, although the credit card companies recently got a law passed to make it harder. So you would want to make a list of your creditors and the amounts you owe them, and then figure out with a bankruptcy lawyer which of your debts are likely to be discharged in bankruptcy.

    You can look into credit counseling, but that can do damage to your credit report similar to a bankruptcy. So you should probably be thinking about the option which most helps you move forward with the rest of your life.

  3. #3
    Join Date
    Sep 2005
    Posts
    2

    Default Bankruptcy

    Thank you for your reply. I am thinking more about the cc debt than the student loans. The student loans in comparison are not that much and i have a while and a low apr to pay them off. i did find some good info and even some alternatives. I think I will use that resource to soolve my problem. Thanks again for answering my post.

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