I attended a for-profit college from 2005-2008. I graduated in 2008, but since then the school has been shut down. Now my private and federal loans are in excess of $400K total and my minimum monthly payments are over 3k. I was using an in-school deferment to keep current in hopes that I could one day afford the payments, but that has never happened and looks as though it never will. Now my deferment has run out and I am behind on payments and they are threatening litigation.
I make “some” money, but still not enough to afford these payments as the cost of living in Los Angeles is extraordinarily high. And I do not have any assets whatsoever and I rent a studio apartment.
I am having trouble finding a knowledgable lawyer in California that can assist me in attempting to file bankruptcy or any advice and options that I may have as to what I can do for relief. Thank you.
You might want to take a look at this list of attorneys.
I completely agree it is almost impossible to find a knowledgeable attorney who has experience in dealing with student loans. There is so much incorrect information and assumptions out there which are not supported with facts.
All I can advise if to contact one of the attorneys on the list and/or keep up your search for a knowledgeable lawyer.