Question by majax79: Liklihood of chapter 7 bankruptcy for students with private student loans?
I’m not asking for your opinion on wether or not private student loans should be allowed to be written off in chapter 7 bankruptcy.
I’m asking what is the liklihood that it will be an amendment anytime soon?
I’m curious because the democrats voted for that very amendment in Februrary 2008. Republicans voted against it overwhelmingly and were the majority so it was removed.
Best answer:
Answer by TG
No they should not be allowed to be written off.
I would have tried to become a doctor then…because I would have just taken out massive loans and then declared bankruptcy.
I can’t believe it was even considered.
Give your answer to this question below!