Personal Finance Assignment
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I just filed bankruptcy! My student debt is crippling.
Oh no! What's wrong?
I have no money and I have no idea how to pay this back!
You know you COULD just stop paying your student loans.
Now is not the time for jokes! I need to pay this.
I'm not joking! If you file bankruptcy and can no longer pay your student loans debt, you no do not have to pay them.
If you go through bankruptcy, you will have to pay your loans when you have the money again. However, you usually will not have to pay loans while you are going through bankruptcy court.
That's great news!
You do have to take action, though. If you do not file a report for your bankruptcy you will still be expected to pay.
Thank you so much! Now I know the basics on my terrible, soul-crushing debt!