A Bankruptcy Lawyer Simply Did a Reddit AMA About Education Loan Debt. Their Reactions are Terrifying

A Bankruptcy Lawyer Simply Did a Reddit AMA About Education Loan Debt. Their Reactions are Terrifying

Today, Neil Sader, a Kansas City-based bankruptcy attorney took to Reddit to do an Ask me personally such a thing (AMA) about bankruptcy and education loan financial obligation.

“Student loans are killing millennials plus the class that is middle” published Sader in the post name.

When you look at the thread, numerous current and college that is former asked concerns regarding student education loans and bankruptcy legislation. While Sader offered lots of of good use details about just how borrowers can navigate their figuratively speaking, a few of his reviews were additionally terrifying within their implications–will students soon graduate with $1,000,000 with debt? Sader thinks therefore.

Below are a few associated with the scariest takeaways from just just just what he stated:

1. Filing for bankruptcy won’t help you save from your own student education loans

You currently knew that, right? Well, or even, right here’s your wake-up call.

As Sader explained into the AMA, most education loan financial obligation is maybe perhaps maybe not dischargeable. […]