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Bankruptcy myth: You can never discharge student loans

Like most complex issues in society, there are a lot of misconceptions and myths surrounding bankruptcy. Some people believe it will preclude them from ever owning a home or getting credit again. Others may have heard that there simply isn't any way for student loans to get discharged in bankruptcy. This myth is particularly insidious, as it prevents people who could benefit from bankruptcy protections from considering the process.

When your degree does not lead to a high paying job

Student loans seemed like a great idea when you first started college. You could pay for your tuition, graduate and earn enough money to make the payments. Unfortunately, you only have a six-month grace period before you have to make that first post-graduation payment. When you are earning entry-level wages and trying to pay rent and take care of your other living expenses, it can seem like an impossible task to keep up with your student loans.

Many people with cancer have to worry about bankruptcy, too

When you first get diagnosed with a chronic or life-threatening illness, you worry mostly about your health and future. Will you see your children (or grandchildren) graduate school? Will the treatments cause pain and discomfort? Will you be part of the percentage of people who "beat" this condition?

5 tips for post-bankruptcy life

One of the prevailing myths about bankruptcy is that it wrecks your life. People talk about never being able to buy a home, buy a car, start a business or get a credit card.