student loan debt- you go first

Have you ever played Black Jack at a Casino? Who goes first you or the house? You do right? Well, it is the same thing in bankruptcy and trying to discharge student loan debt. YOU have to sue the student loan company and PROVE to a bankruptcy judge that repaying the student loan debt would cause you an undue hardship and therefore the judge should discharge your student loans. Is this fair? No. Is this expensive? Yes. There are way to prevent student loan companies from garnishing your wages though. I call it a government sponsored debt consolidation plan also known as a Chapter 13 Bankruptcy. Say a student loan company wants to garnish your wages for $800.00 per month but you cannot afford that. We can file you as a Chapter 13 Bankruptcy and make your payment what you can afford to pay–say $200.00 per month.

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