Articles Tagged with educational debt

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

As anyone with student loans knows, educational debt can cause serious financial stress for even the thriftiest of individuals. With the average borrower in 2016 facing some $37,000 in student loans, it can be hard to know how best to tackle such a big pile of debt. Though payment plans and income-based loan forgiveness programs have been helpful, the reality is that many millions of people continue struggling with how to make ends meet and student loans represent a large part of that problem.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are North Carolina’s exemptions?”

We’ve previously discussed the difficult road that individuals have when trying to escape crushing student loan debt. Frustratingly, bankruptcy laws have been written to make it nearly impossible to get out from under educational debt. Despite the difficulty, many creative bankruptcy attorneys are exploring loopholes and other untested strategies, some of which have met with success.