Recent Posts in Student Loan Debt Category

  • Company Accused of Preying on Student Loan Borrowers Files for Bankruptcy

    Here's a problem I am seeing more and more of as student loans skyrocket. As reported in the ABI Journal, Student Aid Center Inc. filed for bankruptcy last week, claiming between $500,001 and $1 million in assets and between $1,000,001 and $10 million in estimated liabilities, reported on Friday. The company is part of a burgeoning industry of student debt-relief firms that ...
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  • When unexpected events cause debt, consider bankruptcy filing

    Arizona residents who are struggling to make ends meet may be financially capable of dealing with everyday expenses, but unexpected expenses may overwhelm them. Unanticipated events such as sudden illness, accident or death may create debts where none existed previously. For those Arizonans struggling with debt, filing for personal bankruptcy, Chapter 7 or Chapter 13, depending on income ...
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  • 73-year-old U of Arizona grad has $136,000 student loan debt

    The amount of outstanding student loans surpassed the nation's credit card debt, reaching $1 trillion, in 2011. Those with student loan debt are reportedly delaying buying houses, getting married and having children. And the crisis hasn't only affected young students--co-signing parents or adults returning to college are also affected. According to a recent USA Today report, one 73-year-old ...
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  • Student loan debt troubling many young Arizona graduates

    Readers of our Mesa Bankruptcy Law Blog may remember an earlier post about the push to discharge student loans in personal bankruptcy. Now we are learning that more and more college graduates are electing to delay getting married or having children due to their piling debt. Many do not have the finances to support a family, with much of their wages going to repay their college loans. With more ...
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