Has anyone read the new 2005 book by Chuck Stewart titled: Bankrupt Your Student
Loan And Other Discharge Strategies? Any reviews?

read the BK laws that apply to you and you'll more than any scam book can tell you.

is your name Chuck?

Uhhhh, I would hold off on the name-calling bub!

I have spoken with the author and seen his case. He had $60,000 reduced to $6,000 in CA Federal Court.

I'm betting both he and I have more student loan knowledge in our little fingers than you have in your whole body.

attitude is not a good way to start on this board, pauper.

besides...why buy a book that will take you days to read when it can be summed up like this:


Federal law allows SLs to be discharged in certain circumstances, such as undue hardship.




then the book will likely go on to tell you how to hide assets and income to "prove" the hardship...

I'll take that bet ... not about the author of the book (I haven't read it), but about you. Let's say we match intelligence on SLs. You against the rest of the knowledgeable people of this forum. What say you?

Calling a book a scam when the poster has never seen the book isn't a good way to proceed.

ok Chuck; but please don't try to rip people off here at CB with your friend's (or your) scam book.

why suggest paying for a BOOK when the information is available for FREE? Chuck?

Do you know the contents of the book?

I am sure you do, chuck.

It sounds like you work for the credit card, debt management or student loan lender industry.

Do you?

Your hesitance at answering a simple question is all revealing.

no. no. and no.

why are you spreading the word about this scam book? don't you have substantive questions or did you join CB just to attack me?

I am not "spreading the word" about anything. I am trying to ascertain why you are trashing something of which you have no knowledge.

Why are you?

ok Chuck. I'll tell you why: because your book preys on those who hope to discharge SL when in fact there is a very low probability that SL can be discharged. Stop ripping people off.

Let it go, hege. Thanks for running interference, but I can take it from here.

One more post that's out of line, Pauper, and you will be put on administrative preview. You don't get to come here and post the kind of things that you post and not deal with the consequences.

I used to work in the student loan industry. Gave 'em out and collected them. According to my contacts in the student loan industry, the book is basically a cut and paste of information that is available free of charge on the web.

You likelihood of discharge in negligable. The Reynolds case, which the student loan industry is aware of and are not happy about, had so many mitigating circumstances. The mental illness was the clincher although I have seen many cases where mental illness was a factor where the loans were not discharged.

Excuse me?!

What post is out of line?

I came in here in good faith and have extensive knowledge and research in this area.

I have been researching this for over 3 years and the law is constantly evolving in this area. I have read dozens and dozens of cases decided over the last 8 years where student loan debtors have been able to partially or fully discharge their student loans and in other cases have been able to settle for pennies on the dollar.

The student loan industry depends on their "very tough reputation" to intimidate people. This forum appears to be spreading that word. It does everyonea disservice by doing that. Perhaps it takes a fresh point of view to point out an error. Hmmmmmmm?

BTW the poster Hegenomy has done nothing but attack me without cause. All I did was ask him/her to back up their attacks with factual information.

Also, you challenged me on my knowlege of student loans and bankruptcy and I accepted that challenge. When do we get started on that?

Let's see ... what's out of line? Oh let me count the ways!









That's just THIS thread. You are a GUEST in the house of CreditBoards; you have chosen to sit at OUR table and then you come in and start insulting the members of this board, this forum, AND the forum lead without much of a premise. You have no idea how much or how little knowledge anyone in this forum has, and NO ONE has any idea how much or how little knowledge you have about anything at all.

I can dance around the house in my underwear and sing all day long, doesn't make me Madonna.

Got it? You keep claiming all this extensive knowledge on student loans, let's see it. Cite the cases you've read that give you the knowledge that NO ONE ELSE here has. Chapter and verse, please.

I don't have to prove my worth; you're the one who walked in and sat down and declared yourself the expert. Prove it.

Wow...dozens and dozens full or partial discharges in eight years?? Still about the same odds as winning the lottery. When I worked the DOE as a client we would get in dozens and dozens of filing per week!!

Maybe insteading of wasting valuable time trying to fight a loosing battle, you could get a second job and pay your loans. I'm sure that someone as highly intelligent and well read as you could easily do well.

Again, the law is constantly evolving and changing in regards to this subject.

Of course you got dozens of filings a week. People with SL debt are also likely to have other debt and when they file they have nothing to lose by including their student loans on their petitions. Your analogy to the lottery would be more apt if it included people who knowingly picked up losing lottery tickets from the sidewalk.

Reading, researching and examining the cases that have won or have made excellent arguments in losing is the only way to go.

I have over 40 excellent cases on file and have read through probably ten times that amount.

You are doing a disservice by taking such a "belly up" attitude towards thses student loan lender assholes.

We need positive, gutsy people in this fight, not wusses who are willing to roll over.

Which are you?

Student loans are ultimately funded by our tax dollars. Discharge is there for those who need it and who qualify for it. You are semi intelligent and if you are capable of understanding and researching the law, you are capable of working. Unless of course you have made a career out of screwing the government and the taxpayers.

please list three things about the Reynolds case you think are generalizable to your pending BK filing?

An ex-collector denigrating another human being?! Now there is an ironic situation. I would die before I was a collector.

I am reporting your attack to the mods. I see you haven't lost the ring of filth that collectors have around their personalitys.

She had well over $150,000 in SL debt.

She had over $700 per month in excess income.

She demonstrated that the loan burden was detrimental to her mental health.

She took the case up two levels of appeals and set a standard for the entire 8th Ciruit.

Are you in SL debt?

BACK OFF NOW PAUPER. This isn't an attack, and I am WELL AWARE of what's going on here. I'm watching your every move, have no doubt.

You've already been warned; do I have to place on you admin preview too?

No, you only think you know what's going on.

This forum seems practically useless. It is all doom, gloom and defeatism.

The door is over there. -------------------------------------------->

I know the first 4 points you are referencing.

As to your question; yes at once I had over 100K in SL and still owe some. why are you asking?

Go for it!!

I am proud of the job I did as a collector!! I dont have to defend myself! Maybe if you worked in the industry you would understand the bullshit good percentage of debtors try passing off on collectors!! (And you could pay your loans too!!) Like the debtor who would call in from their jobs claiming to be unemployed?? I have seen and heard it all!

Why would you take government funded money for your education and then try to weasel your way out of paying what was given you in good faith? Kinda chicken sh*t if you ask me.

Edited for profanity

If someone has a legitimate case for getting a SL dismissed, then he/she will certainly be advised of that. Generally speaking, this forum deals in reality, not wishes. It also stays within the bounds of the law, which includes not advising individuals on how to commit fraud by claiming disability they do not have.

Our guiding priniciple is that members who follow the advice they get here, will not end up in worse trouble than they were when they got here.

Lynn,

At first I didn't like you, but I'm beginning to get where you're coming from. I have student loan lates because I was trusting (in-school deferment was SAID to have been sent, but wasn't sent by my advisor -- she was later fired for this sort of thing). Now I know better. I'm so freaking glad I never got into default.

Anyhow, here's a hug.

So you would then be in favor of taking out the provision for bankruptcy in the U.S. Constitution. then?
It is in the original body before the Bill of Rights.

Why can other people bankrupt their debts and student loan debtors can't? Are student loan dollars worth more than other dollars?

Do you have some information that student loan boroowers are deadbeats and scofflaws as compared to other debtors? Please post your "facts".

Come down off Mount Olympus God, we all know you don't belong there.

Pauper, you do not speak to a moderator of this site in this manner. I'm quickly growing tired of your "in your face" aggressive attitude. Get off it NOW.

Almost seems as he is one of those people that wanted to go get all his schooling and then when the time comes to repay it, "oops I'm filing BK". Like those people that go out and buy new cars, max out credit cards, cuz they have pre-planned filing BK. You go get more education so you can make more money after High School than minimum wage (and no I'm not knocking any job.., because I was there at one time). The least you can do is pay back student loans and if necessary, have the BK take care of your other debts.

So why is bankruptcy contained in the original US Constitution?

Are you in favor of taing that provision out? Your position is at odds with the law.

Implying that anyone is trying to get out of debt in a less than legit manner is a persoanl attack. Knock it off!

I am reporting your post!

No need, I'm watching all this.

ummm...can you show me where in the Constitution is says ANYTHING about bankruptcy?


I suggest that a long, deep breath be taken here...

I believe the word "bankruptcy" is stated once in the constitution, and it isn't a provision. Please stop posting BS.

No worries, Dude. This one won't be posting much of anything in the future.

Pauper is being moderated again. Sorry, this oh so productive discussion will probably die down.

Slutty I see you there. Nothing here, move along.

I better read the Constitution again, I haven't seen it in there.