I have six figures in student loan debt and about 40 grand in credit card debt. When I was in my 20s, I decided to move to %26quot;the big city%26quot; and take a job that paid 20 grand a year. That%26#039;s how I got the credit card debt. I got smart and went to school and am now an attorney. But I can%26#039;t afford to pay my student loans AND my credit cards. I know I can%26#039;t discharge the student loans, but will a bankruptcy court wipe out my credit card debt so that I can pay my student loans and still live a middle class life?
Will a bankruptcy court discharge my credit card debt so I can pay my student loans?
If you%26#039;re a lawyer, you know you can%26#039;t. You have a profession, an income, and have to pay off your bills. If you go to bankruptcy court, they will likely put you on a payment plan. You can do that yourself - pay your bills first, then necessities like a very modest apartment.
Bankruptcy is a no-no for attorneys.
Will a bankruptcy court discharge my credit card debt so I can pay my student loans?
I know dozens of attorneys, and have never met one who paid his student loans.
As an attorney, a BK will be too scrutinized to forgive any cc debt. If I was on the other side of your 341%26#039;s, I%26#039;d blow you out of the water. Forget that idea.
If your credit is already jacked, negotiate rate and line freezes on the CC%26#039;s. Simple interest will stop the wheels from spinning and you can get hold of the slippery balances.
Then hire your colleagues at the websites below to fix the old credit and establish new credit.
Will a bankruptcy court discharge my credit card debt so I can pay my student loans?
Did you tried contacting debt consolidation company...they can give you best advice on your problem as they are the experts in the field and they come across may of such cases. Here is the source of the company http://ezconsolidation.com which provide consolidation for all type of debts
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