Escaping Enormous Debt
March 17, 2016Planner: Michael via 1 on 1 Consultation
Problem: She was over $160,000 in student loan debt and her loan payments were greater than her monthly income. She was really worried because her wages were about to be garnished.
Suggested Action Steps: Since she was suffering severe financial hardship, we discussed consulting an attorney to see if bankruptcy would be a good option.
Results: She contacted an attorney who specializes in bankruptcy, specifically those including student loans. The early indication was that her case looked promising and she may be able to arrange a payment plan that enabled her to live her life AND deal with the debt.
Testimonial: “My consultation was amazing, I think I am just in a different situation than most with overwhelming student loan debt. The financial advisor I met with was awesome and I would recommend this to anyone!” – 1 on 1 Consultation Attendee