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Why wouldnt claiming bankruptcy after college, to get out of paying off the debt, be a good idea?

Question by Dworzynski: Why wouldnt claiming bankruptcy after college, to get out of paying off the debt, be a good idea? My friend says that he can go to college and go into major debt and then get out of paying for it all by claiming bankruptcy. Sounds like a good idea, but there has [...]

Is Trying To Spend Your Way Out Of Debt Similar To Claiming If You Still Have Checks, You Have Money?

Obviously checks are just paper. You can write as many as you want, but it’s still paper. This is similar to the Federal Reserve printing dollars. Dollar bills aren’t backed by anything of value….they’re paper. But when the govt. needs to pay for something it can’t afford they monetize debt (“print” money). Well just because [...]