Study: For those filing for bankruptcy, student loan debt still lingers on

June 21, 2019 | LendEdu.com

While it’s a situation that no one envies, sometimes filing for bankruptcy is the only possible move that consumers have left.

When debt from things like credit cards or medical bills simply become too much to pay back, Chapter 7 bankruptcy is a viable option. This process will liquidate a consumer’s assets and use the funds to pay off as much outstanding debt as possible.

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