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by onlyrealcuzzo
1478 days ago
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> Some people have far more than $100k in debt, so the tradeoff might be far more attractive. That would be the lender's problem for lending far more than anyone reasonably needs to be lent to obtain a degree. They'd have to price the loan accordingly. > It seems like a very worthwhile trade to declare bankruptcy. You don't get to just declare bankruptcy on a whim because the outcome is favorable to you. |
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I’ve addressed this in the above by mentioning when you do it. You have assets < debt and no job therefore no income. No court is going to reject this bankruptcy because you are actually underwater and will in theory take infinite time to repay the amount you owe.