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sense

(1,219 posts)

51. And how would you propose to figure out,

Thu Jan 5, 2012, 11:30 PM

Jan 2012

realistically, who to let off the hook? People hide their assets all the time. People lie and don't give it another thought. I do believe the bankruptcy laws are broken. You said it yourself, all sorts of people use the current law to live the high life and not pay for it. No reason to add more loopholes to not paying back debt. I am for less loopholes, not more.

Education should be free, as should healthcare. They are not. Work to fix that, not to allow more unscrupulous people to prosper.

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Should Student Loans be Dischargeable in Bankruptcy ? [View all] limpyhobbler Jan 2012 OP

Absofuckinglutely! lonestarnot Jan 2012 #1

+1000 hobbit709 Jan 2012 #2

Wouldn't every kid Yupster Jan 2012 #3

maybe have a waiting period of a few years? limpyhobbler Jan 2012 #9

No. Most graduates won't want to have bankruptcy on their record for the next seven years. pnwmom Jan 2012 #25

that's exactly the reason that they mentioned in my Secured Transactions class. MrNJ Jan 2012 #36

No. The interest rate on a National Direct Student Loan (meaning it did NOT go through private banks 1monster Jan 2012 #41

hell to the yeah Tuesday Afternoon Jan 2012 #4

it's ridiculous RainDog Jan 2012 #5

Why can't we make college cheaper? Yupster Jan 2012 #6

"no one knows what else they do" jberryhill Jan 2012 #11

It would be cheaper without the huge loans ArcticFox Jan 2012 #17

Agree. And there are a lot of people willing to teach treestar Jan 2012 #49

Hell Yes unionworks Jan 2012 #7

Should personal debts be discharged, or not. WingDinger Jan 2012 #8

Loans are loans. Is there a compelling reason they should be excluded? saras Jan 2012 #10

no. student loan companies gave money to congress to get the exemption. that's the reason. limpyhobbler Jan 2012 #13

compelling or not MrNJ Jan 2012 #35

Other things that can't be repossessed. limpyhobbler Jan 2012 #40

Oh stop bringing facts to the argument. The guy wants to punish these lazy youngsters gtar100 Jan 2012 #43

Yes! Followed by our national education system... Cerridwen Jan 2012 #12

Why do people pay the high prices? Yupster Jan 2012 #15

it cost's that much sometimes limpyhobbler Jan 2012 #16

there was abuse in the 70's handmade34 Jan 2012 #53

what abuse? limpyhobbler Jan 2012 #57

basis for calls to include student loans handmade34 Jan 2012 #58

Part of the problem is the for-profit schools that exploit people to get the loan money spooky3 Jan 2012 #14

YES. I can't believe we are even having this conversation. kestrel91316 Jan 2012 #18

Would you loan your savings to a college student knowing they can declare bankruptcy the day after dkf Jan 2012 #19

So have a 5 year waiting period after graduation. limpyhobbler Jan 2012 #20

So you get 5 years of payments. dkf Jan 2012 #21

Nobody needs to be encouraged to make student loans. The Dept. of Education makes them directly now. limpyhobbler Jan 2012 #22

Well as a taxpayer this isn't a good bet either. dkf Jan 2012 #23

going to college was a bad bet for many. limpyhobbler Jan 2012 #30

If that's the case, why aren't they all defaulting on their credit cards? pnwmom Jan 2012 #27

How do you know they aren't? dkf Jan 2012 #52

I'm sure the Rethug media would be happy to trumpet that story. n/t pnwmom Jan 2012 #55

Depends on the student. But declaring bankruptcy has repercussions for at least 7 years pnwmom Jan 2012 #26

Same of any loan. JDPriestly Jan 2012 #31

Yes. JDPriestly Jan 2012 #24

Many people being in college is a lifestyle choice exboyfil Jan 2012 #28

unpayable student loans should be treated as what they are, a failed investment, watch this video limpyhobbler Jan 2012 #29

FYI: Education should be fully funded by the government. It is an investment in society's future. xocet Jan 2012 #33

I'd like to see a resolution go just a bit further! EdinGA Jan 2012 #32

yep limpyhobbler Jan 2012 #46

No sense Jan 2012 #34

"enormous houses, horses, boats, RV's, retail debt, memberships in this and that" limpyhobbler Jan 2012 #38

Not painting with a broad brush sense Jan 2012 #47

Isn't denying bankruptcy to all based on irresponsibility of some is painting with a broad brush? limpyhobbler Jan 2012 #50

And how would you propose to figure out, sense Jan 2012 #51

that's what bankruptcy courts are for limpyhobbler Jan 2012 #56

Pay the debts you accrue before accruing more. sense Jan 2012 #59

I had to pay mine off, so... SemperEadem Jan 2012 #37

That's the most selfish, myopic thing I've read all day. /nt HisTomness Jan 2012 #45

well then get over it SemperEadem Jan 2012 #60

Oh.... handmade34 Jan 2012 #54

no, I don't SemperEadem Jan 2012 #61

We need to do something to stem the crushing debt, especially from questionable schools. DirkGently Jan 2012 #39

Yes But Catherina Jan 2012 #42

That is the real problem sense Jan 2012 #48

Yes, absolutely yes! gtar100 Jan 2012 #44

Higher education should be free to all who are willing. nt bemildred Jan 2012 #62