Thank you sweetana3, that is helpful info. they WANT to repay and are resisting my attempts to check out bankruptcy, and in the end, it's not my decision. However, they need to know what options they have.
Thank you sweetana3, that is helpful info. they WANT to repay and are resisting my attempts to check out bankruptcy, and in the end, it's not my decision. However, they need to know what options they have.
Chapter seven in Florida has residency requirements (like more than two years) and if approved, you get to keep your house within certain parameters. Because of the explosion in house prices here, many of my friends are living in very expensive paid off houses which would be untouchable as I understand it. Medical bills are the cause of close to half of bankruptcies from what I could find , as well as divorce, job loss.Originally Posted by early morning
I can understand that as DH had over a million in bills last year during his cancer treatment. We paid almost nothing out of pocket however we have Medicare advantage. of course that would put lots of people under, even if they negotiated it down .
I'm sorry for your child.
‘Ll have to go read how they came up with that decision since the loan corporation was set up as a distinct entity that the state wouldn’t be legally responsible for financially. On the surface it strikes me as dumb as the idea that if you are a farmer growing wheat to feed your cows for personal purposes it is a violation of the interstate commerce clause.
I ran across this information as I was looking into student loan forgiveness. Why didn’t I realize that those student loans that Joe Biden threatened to forgive actually got forgiven? To the tune of $180 billion. ChatGPT gave me this summary below. So Joe Biden was not able to forgive loans on a “ large scale” plan his meager efforts forgave only $180 billion.
$180 billion. And this isn’t “ large scale?”
This country has gone mad.
but I guess my real point in necroposting is to inquire: am I the only one who didn’t understand that billions in student loans were actually forgiven? I remember there was the tango with Biden wanting to use the Heroes Act to forgive loans and the Supreme Court told him that he could not do that. But there were apparently other kinds of loans he had the executive power to forgive, so he did.
- Public Service Loan Forgiveness (PSLF) – for government/nonprofit workers.
- Income-Driven Repayment (IDR) account adjustments – correcting years of servicer miscounts.
- Borrower Defense to Repayment – canceling loans for students defrauded by colleges.
- Disability discharges – canceling for borrowers who are totally and permanently disabled.
- SAVE plan – new income-based plan with automatic forgiveness for small balances.
Those programs don’t require new legislation, so they survived court challenges. That’s how he reached over $180 billion forgiven even though the Supreme Court blocked his large-scale plan.
And they still couldn't muster enough votes to win the last election? Pikers!
"Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein
haha, yep. What’s the point of adding to the deficit to buy votes if it doesn’t actually buy votes? Rhetorical, no response needed.But clearly better campaigning is needed.
We can only hope people wake up and fight against the current autocratic dictator wannabe (or should I say twice impeached felon)? Many fools did not vote last time
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