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I Am an Unemployed School Principal, Drowning in Debt and Getting Divorced. – Jennifer

“Dear Steve,

I will soon file a joint bankruptcy with my husband and then get divorced. I owe $170K on my foreclosed house and $154K on students loans.

I was a principal and my school closed in 2011. I have gone through unemployment and now live on child support ($570/month) and food stamps. After 15 year of experience, I am not even getting called in for interviews, as schools hire the cheapest people with minimal experience to save money. My car has been broke for a while (engine is cracked, 1 flat/torn tire, and no brakes) and I have no extra disposable income to fix it and get a job any where!

I have tried to find an attorney locally 1) who has successfully won a student loan bankruptcy and 2) who understands the process. I know I meet the economic hardship qualification. I have found several court case very similar to mine where the debt was wiped out.

How can I get a hold of an attorney to help me?

Do you think I have a chance of removing my student loans debt?



Woman in home office with computer and paperwork frowning

Dear Jennifer,

I’m so sorry to hear about you major life changes.

Have you considered exploring substitute teaching and registering with temporary agencies to help generate some income?

Having those court cases as reference will be very helpful when you meet with a local bankruptcy attorney. Especially if those cases were in your area.

While it is possible to discharge student loan debt, there are some very narrow criteria that people met. See this article.

You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.

It may be difficult to find a local bankruptcy attorney that has experience with this. It is not a typical process.

If you have a majority of federal loans there are other good options that can reduce your payment to as little as $0 per month. See The Ultimate Guide to Dealing With Student Loans You Can’t Afford.

Please post your responses and follow-up messages to me on this in the comments section below.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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