A college education is much more than just a luxury nowadays. It has become a functional requirement for many paths into adulthood. Millions of teenagers head off to college every year across the United States to pursue an education that will open the door for exciting career opportunities. Unfortunately, many students graduate with significant debt. This debt, along with the new burdens of adulthood and targeting by credit card companies can seriously affect your financial stability.
No matter your age, bankruptcy can be very beneficial in helping you get out of debt and on with your life. For more information about your options as a student or recent graduate filing for bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518 to schedule a consultation.
Students and Bankruptcy
There may be a number of problems and concerns with students filing for bankruptcy. One of the most fundamental concerns is that filing for Chapter 7 bankruptcy does not eliminate student loan debt. However, Chapter 7 bankruptcy can benefit you by allowing you to discharge credit card debt, medical debts, and other unsecured debts so you can focus on paying your student loans.
Students should also keep in mind that low-wage workers can exempt more of their paycheck when filing for bankruptcy than normal. This is especially important for students and recent graduates with entry-level, low-paying jobs.
If you are a student and are facing a number of financial burdens, you may want to consider speaking with a bankruptcy lawyer about your options. Contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, by calling 414-377-0518 today.