Help...

[Aion]

For real?

You see I've been told that my debt is permanent and will stay with me until the day I die, but you're telling me if I file for bankruptcy and wait 7 years I'll get a fresh start?!!  Or if I negotiate with them they'll let me pay less?  What is it like one of those 'this much per dollar' deals or...  I need to stop listening to people, I am apparently living in a COMPLETELY DIFFERENT REALITY, because I'm sitting here in belief that my debts are permanent and will only keep rising until I start paying them off.

What does it even mean to file for bankruptcy?  I mean, I only know of the term from Monopoly and as far as I understand it, it just means you're flat out broke.  What does that entail?

Sorry, I'm going to be researching it myself but I kind of feel more trusting of what people here have to say now after finding out so many things I thought were true AREN'T. -scoffs-

Man...  I hate lies so much right now...

My Mom declared bankruptcy in order to escape credit card debt. From what I have heard it's something they actively try to discourage people from doing because it is a way out of debt. The only thing is you will kill your credit, but ironically being in debt does the same thing anyways so for something in your position it may be a viable approach. If you have student loans with the government I don't think bankruptcy can clear those.

http://www.nbcnews.com/id/27684203/ns/bu...SIr7GjyvIU
http://www.uscourts.gov/services-forms/b...tcy-basics
http://www.arizonabankruptcylaw.com/process.html

If you do have student loans with the government I also found this:

https://www.studentdebtrelief.us/forgiveness/
https://www.studentdebtrelief.us/forgive...rgiveness/

Sucks you got bitten by the Art Institute as well, much worse than I did. I was lucky and saw the mouth of the beast before I fed it too much. I went to the Art Institute for Game Design but ended up dropping out during my first term and only paying the first portion of my tuition, so I am only stuck with about 8000$ debt at this point. They f***** me too, they changed my whole program and told me with a package a month before I was supposed to start and way after I had already paid my enrollment fee. Schooling for profit is messed.