Terrified As A College Student..

Question:
I am in serious debt. Capital One just sent me a summons, and I had been considering filing bankruptcy before that. I really can't afford a lawyer, and I need to file in 20 days, otherwise I will be sued or something. (Seeing as I have no money, I don't know what they could get from me.) I have two questions. 1. Is there anywhere I can find a step-by-step guide to filling out these forms I have downloaded? 2. I am in school and want to stay there. (In fact, I am about to apply for graduate school). Please help me people...

Answer:
Bankruptcy cannot be taken into account when applying for Student aid, but conversely, Student aid cannot be discharged through a bankruptcy. I don't know about student aid ONCE YOU RECIEVE IT-- talk to an attorney, and for heavens sakes, don't leave it in a bank account that can be frozen. On the other hand, I've always been confused about that-- I know some student loan officers who have stated that they can't take it regardless-- it isn't your money, it's the governments money, given to you for a specific purpose, which doesn't include paying the bank. OTH, none of those advisors were attorneys, and if your a college student, you know just how common... misunderstandings are in such meetings. You may want to consult a legitimate Credit Counseling Bureau which can consolidate your credit card debts into an affordable monthly payment, and get the collection agents off your back. Your local Better Business Bureau should be able to help you idenify a reputable firm.





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