Three ways bankruptcy can help: 1) write off debts to focus on defense costs, 2) pay only the most important debts and expenses, and 3) reduce chance of related civil liability.
Obligations you owe related to your conviction of a crime cannot be discharged in bankruptcy. End of story? Usually, but not absolutely.
The federal government is making billions of dollars for itself on student loans every year. So why double the interest rate on the loans next year? To boost those profits.
Student loans are not just burdening recent graduates. They’re now directly hurting people you wouldn’t expect. And dragging down the whole economy.