Should I file Bankruptcy
By Brandalina
@Brandalina (3)
United States
December 30, 2008 10:50pm CST
So I am about 21 years old and graduated from a two year academy that did not set me up like I thought it would. I am currently in about $52,000 worth of debt right now, the majority in student loans to pay for the school. For a short time I had a good paying job, but because of the economy I was the first laid off and my company went under not long after. My experience is just with film and television (and sales which is a bad place to be right now), all of which are not exactly bringing on new people. Should I just wipe the slate clean? I don't own a car or anything else that can be repossessed. I'm not planning on taking out any credit cards or buying a house. I'm not in a relationship, so I won't be dragging anyone else down and I'm young enough that at the end of the seven years I will be under thirty and ready to settle down. The only thing stopping me is that you might have trouble leaving the country and I would like to eventually move to Australia, and I'm not sure if I'm going to try to get a degree, which may make me go for another loan. I'm not sure what the best course of action would be, please help me.
1 person likes this
1 response
@mynameismine (771)
• United States
31 Dec 08
I have student loans and the minimum payments are not that bad. You can work with them and get your payments lowered sometimes to $25 a month. I understand why people file, some of it is for legitimate reasons and others is just wrong all the way around. All it does is put the burden on everyone else and I'm tired of paying for other peoples bills on top of my own. You are only 21 years old, you have a very long ways to go, just because you can't get a job in your field right now doesn't mean that it won't happen in the future. I can't get a job that I was trained for either but I'm not going to toss the next 7-10 years of my credit into the fire for it.
