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Elora Danzik
Caldari
Idiots In Spaceships
Psychotic Tendencies.
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Posted - 2009.10.30 14:51:00 -
[1]
Wow just wow.
If he didn't authorize the student loans that his parent took, then yeah see suing above.
As to the rest, How much school did he complete? Surely, he has some computer skills like excel and or word. Just becuase you don't have a degree doesn't mean you are completely f'd. I once got a position with the company I was working for at the time just because I had a little stats and knew excel.
There is always away. Hell even starting something online, like selling stuff on ebay could help. It really doesn't cost that much to get a business license and start selling stuff online.
While it might be a little late to start something this year, you could suggest something like http://www.calendarclub.com/ . Though the start up money would be an issue I realize. However, jut throwing it out there.
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Elora Danzik
Caldari
Idiots In Spaceships
Psychotic Tendencies.
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Posted - 2009.10.30 17:10:00 -
[2]
I wouldn't say that bankrupcy is a soul destroying thing.
When I was in my early 20's I had crappy run for awhile. No schooling, crappy job, little chance of advancement. I had roughtly 10K in student loan and credit card debt.
I ended up getting into an accident with out insurance. However, I didn't realize it had lapsed. Lots of relationshp stuff happened and I lost track of it. Ended up making an arrangement with the insurance company to pay then back the 5k in repair costs.
Things we okay for a bit. Then about 11 months after I hit him. The jackass decides to sue me and the insurance company for a total of 100K. (25k insurance, 75 me) with the request that the insurance company pay anythhing judged against me.
So I could fight it, wait and see, or delcare bankrupcy. Since fighting it would have been as bad as wait and see. I delclared bankrupcy. It was actually a relief. I did get one crappy credit card shortly after that I still have to this day.
The bankrupcy fell off in 2007, and it didn't negatively affect me earily this year when I bought a house.
If the loans are NOT classified as student loans then that may be an option. However, Federal Stafford loans and the Parent version cannot be written off in a bankrupcy.
if he wants to persue that option he should talk with a lawyer. They will usually consult for the first visit for free so at least he would have the information as to the feesability of it.
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Elora Danzik
Caldari
Idiots In Spaceships
Psychotic Tendencies.
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Posted - 2009.10.30 19:00:00 -
[3]
Edited by: Elora Danzik on 30/10/2009 19:00:26
a bankrupcy attorney could help.
Chapter 7 bankrupcy is where they just wipe it off the books.
Chapter 13 is where the restructure the debt.
I don't know the specifics becuase I went through 7 but it would be worth talking to one to at least find out. At this point though it seems that he almost has to get some kind of attorney involved because it seems no one it listening to him.
granted he will still have to pay the attorney, but a good one will be understanding of the situation and let him make payments. The bankrupcy attorney I used had a flat fee for Chapter 7 plus retainer fee.+
edit: dman selplnig.
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