What Students and Graduates Should Know about Bankruptcy

In the past, graduating from college used to guarantee a job with benefits and a fairly stable future, and attending college was fairly affordable. However, these things are no longer always true. Over the past 30 years, the cost of college has risen by 900 percent, and many students are now graduating without any job prospects and tens of thousands of dollars in debt. However, if you are feeling overwhelmed with debt, it is important to remember that there are solutions available.

If you are a student or have recently graduated and are facing financial troubles, you are not alone. There are many options available to help those facing overwhelming financial burdens regain control of their finances. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC, today at 480-829-0494 for more information on what we can do for you.

What to Consider

This can be a very trying time in your life, but there is help available. If you are a student or a recent graduate, it is important that you keep the following in mind:

• Know your options for student loan repayment – many students are unaware that they can defer student loan payments for an established amount of time until they are more financially stable
• You cannot discharge student loan debts – student loan debts are non-dischargeable and therefore cannot be eliminated by filing for bankruptcy
• Credit card debt is dischargeable – unlike student loans, credit card debts may be discharged in a bankruptcy filing

Contact Us

To learn more about what you can do to deal with overwhelming debt, contact the Arizona bankruptcy attorneys of the Harmon Law Office, LLC, today at 480-829-0494.