Can I repay student debts with credit cards and then discharge the credit card debts with bankruptcy?

Answers:1   |   LastUpdateAt:2012-10-15 04:06:02  

Question
Llolah`
Asked at 2012-09-19 14:45:03
Like many graduates , I'm up to my neck in student loans - $ 100,000 + to be exact . And I 've been unable to find a job at all ( no matter in my field , I'm looking for something I can get at this time ) . The problem is that there is absolutely no way I could afford to pay even the minimum monthly payments and be able to pay other costs of living . Of course , lenders do not care - they just want their money as quickly as possible MedlinePlus . MedlinePlus I also always hear : "It's almost impossible to get student loans forgiven through bankruptcy." But I was thinking ... A graduate could pay their loans by maxing out credit cards and then turn to bankruptcy to pay credit card debt ? Could it work ? MedlinePlus MedlinePlus I'm desperate - these loans stay poor and dependent on others forever and I have to do something . I'd rather take a hit to my credit score from bankruptcy and build myself back up they have to pay 3 times what I borrowed because I have payment plans based on income and extended.
Answer1chrystinaAnswered at 2012-10-15 04:05:23
You should consult with a qualified bankruptcy attorney about your options under Chapter 7 and Chapter 13 bankruptcy laws .
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