Occasionally, clients come to me with a big student loan problem.  These are tough to discharge in bankruptcy: you have to show that your life is almost hopeless, that even though you got educated, there is no way for you to make a living beyond the poverty level for the rest of your natural life.

Enter Jay Fleischman.  Jay is a bankruptcy lawyer who also handles other credit issues.  He recently gave a sterling presentation on student loan issues to a gathering of bankruptcy lawyers; what I took away is that negotiation is a far better way to handle student loans than bankruptcy.  So when clients ask me how to handle student loans, I generally refer them to Jay – I’d rather focus on clients dealing with the IRS and with problems that the standard bankruptcy discharge can handle.