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July 2014 Archives

Chapter 11 bankruptcy for college causes confusion

Have you ever heard of a college suddenly closing, leaving students, some of which were on the brink of graduating, without a complete college education? This is what happened at Bryman College, which operates 11 campuses. The college filed for Chapter 11 bankruptcy and fired all of its employees before emailing all of its students to tell them the school was closing for good because of financial reasons.

Student debt is virtually impossible to discharge in bankruptcy

Imagine you're in your late teens and you've just graduated from high school. You've done all the hard work over the past couple of years to apply to college and, finally, you're going to be headed off to the school of your dreams. Four years of college will prepare you for the real world, or so the saying goes.

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