Student Loan Debt Bomb


SURVEY:  4 OUT 5 U.S. BANKRUPTCY ATTORNEYS REPORT MAJOR JUMP IN STUDENT LOAN DEBTORS
SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S. 


The Same Front-Line Experts Who Were Among the First to Warn of the Rising Mortgage Crisis Now Point to Emerging “Student Loan Debt Bomb”;
The New Face of Student Debt:  Vietnam Vet Parent  Who Co-Signed Loans And Now is Likely to Lose His Golden Years.


WASHINGTON, D.C.
- With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face the loss of nest eggs, retirement homes and other assets), America faces the very real possibility of another major economic threat on a par with the devastating home mortgage crisis, according to a new survey and report published today by the  National Association of Consumer Bankruptcy Attorneys (NACBA).

Read the February 7, 2012 news release here.

Read the February 7, 2012 NACBA member survey results here.

Read the February 7, 2012 NACBA “Student Loan Debt Bomb” report here.

Listen to the streaming audio of the February 7, 2012 NACBA news event here.

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NACBA is the only national organization dedicated to serving the needs of consumer bankruptcy attorneys and protecting the rights of consumer debtors in bankruptcy. Formed in 1992, NACBA now has more than 4,000 members located in all 50 states and Puerto Rico.