12.18.2019 | by Chris Frye
Before changes were made to the bankruptcy laws on October 17, 2005, there were rumors abound that it would become very difficult for the average person to file bankruptcy.
Did that happen?
Were some laws introduced that were unfriendly to the consumer?
Recently I met with some clients who discussed their debt and asset situation with me. I reviewed everything, thoughtfully considered their options, and gave them my recommendations. Then, as they were about to leave, they laid a bombshell on me. “We owe about $150,000 in student loans, but we know bankruptcy can’t do anything about that.”