@paul Being able to recover and hoping to be able to do so are very different things.

@rachel_elson @paul Point taken, but I think there needs to be a further slicing of the age group. 55-70 yrs old had to support their kids through ‘08 recession and onwards to a greater extent than most people realize. My bankruptcy practice has been telling that story for years.

@paul Could be because GenX hasn’t saved enough for retirement overall and sees active management of an equity portfolio as the only way to “catch up.”

Explore the SAVE Plan: a new student loan repayment strategy offering relief to US borrowers.https://www.moneywiselaw.com/save-plan-federal-student-loans/

Discover 5 reasons why federal student loans may be a better choice than Parent PLUS Loans.https://www.moneywiselaw.com/federal-student-loans-parents/

Explore PAYE before it's removed in 2024 and make informed decisions on federal student loan repayment.https://www.moneywiselaw.com/paye-student-loans-repaye/

Learn how to manage credit card debt, prepare for economic downturns, and consider bankruptcy. Control finances.https://www.moneywiselaw.com/bankruptcy-economic-downturn/

Protect your identity: 5 steps to secure personal information, strengthen online security & stay safe.https://www.moneywiselaw.com/protect-identity-theft/

Filing for bankruptcy in the US must be done according to specific rules and regulations, and a qualified attorney is recommended to guide debtors through the process. Concealing details of liabilities, assets, income, expenditures and losses can result in loss of access to assets and fraud allegations. #Bankruptcy #FinancialFreedom #Transparency https://www.moneywiselaw.com/bankruptcy-disclosure-duties/

Bankruptcy is an effective way of resolving debt issues, and a Discharge of Debtor is a legal document that discharges a person from personal liability for certain debts and prohibits creditors from collecting them. #Bankruptcy #BankruptcyDischarge #MoneyWiseLaw https://www.moneywiselaw.com/bankruptcy-discharge/

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A California bankruptcy court has ruled in favor of a student who sought to discharge $27,000 worth of student loans, setting a precedent for future cases. Judge Christopher Klein criticized how lenders have perpetuated the idea that student debt is not dischargeable. #StudentLoans #Bankruptcy #UndueHardship https://www.moneywiselaw.com/discharging-student-loans-bankruptcy-california-love/

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@garius This was fascinating; thanks for telling such an amazing story. Agreed that it reads like a harrowing war movie.

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@rbreich This is exactly what the right wants to happen. They’ve repeatedly said so, directly or indirectly. Anyone who is shocked has not been paying attention.

@mattmattmatt True, but SO much work churned out by lawyers is a first draft. If a consumer is sued by XYZ Credit Card Company, the law firm for XYZ uses the same form of Complaint, and the consumer's lawyer uses the same Answer. The names and amounts change but much of the rest is standardized.

@mattmattmatt Lots of litigation and contract work starts with forms and templates; AI makes it 100x faster to create the first draft more reliably, which is where I see it starting. Also basic research.