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    MariaLopez60640's Avatar
    MariaLopez60640 Posts: 1, Reputation: 1
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    #1

    Jul 27, 2008, 10:39 PM
    Bankruptcy - do I do?
    I dropped out of law school (I didn't graduate) and so I owe $100,000 in private student loans and federal student loans. I also have about $25,000 in credit card debt. $1200 for an ambulance ride. How, if at all can I dump some or all of this debt? I sold my car to pay rent. I have about $10,000 in cash (under my mattress). I have no other assets. I earned about $4000 last year and I do not work currently. I go to school, hoping to graduate and find a job that pays more than minimum wage. Is there anything I can do about all this debt? (besides suicide)
    froggy7's Avatar
    froggy7 Posts: 1,801, Reputation: 242
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    #2

    Jul 27, 2008, 10:47 PM
    As I understand it, there's nothing you can do about the federal student loans. Don't know about the rest of the debt.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Jul 27, 2008, 10:49 PM
    Hi, MariaLopez60640!

    You are looking for help with this which would indicate that you are trying to find a solution so that you can continue on with your life. Suicide is a permanent solution for a temporary problem.

    Why did you drop out of law school and is there any chance of you re-entering it, if you are able and wanting to do that?

    Thanks!
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