A proposal to end the law scam.
 So, after reading through my thread
about what people would | 12345arff | 07/28/10 |
| That doesn't sound like a terrible
idea, which means it will | CleverLoginName | 07/28/10 |
| "Any law schools that have a high
number of students declari | causanortis | 07/28/10 |
| This sounds like an amazing idea,
and in so much as it isn't | lefthandscribble | 07/28/10 |
12345arff (Jul 28 - 3:24 pm)
So, after reading through my thread about what people would do if they didn't go to law school. It is obvious that there are many productive people laboring and being less productive than potentially possible.
So I say we should do the following:
Amend the laws that will allow all students to declare bankruptcy, but, as we don't want deadbeats to go to school and just declare bankruptcy and use their degrees afterwards, if you were to declare professional bankruptcy you would a) lose your degree certification from the school and b) not all of your debts will be discharge. You will still have to pay off a certain % of your debts that were public and it will be a negotiated payment plan done in bankruptcy court.
Also, You will no longer be eligible for future public loans.
Any law schools that have a high number of students declaring bankrupcty will lose their ABA accredition AND any future students planning to attend that school will not be allowed to take out public loans.
Reply
So, after reading through my thread about what people would do if they didn't go to law school. It is obvious that there are many productive people laboring and being less productive than potentially possible.
So I say we should do the following:
Amend the laws that will allow all students to declare bankruptcy, but, as we don't want deadbeats to go to school and just declare bankruptcy and use their degrees afterwards, if you were to declare professional bankruptcy you would a) lose your degree certification from the school and b) not all of your debts will be discharge. You will still have to pay off a certain % of your debts that were public and it will be a negotiated payment plan done in bankruptcy court.
Also, You will no longer be eligible for future public loans.
Any law schools that have a high number of students declaring bankrupcty will lose their ABA accredition AND any future students planning to attend that school will not be allowed to take out public loans.
Reply
CleverLoginName (Jul 28 - 3:26 pm)
That doesn't sound like a terrible idea, which means it will never happen.
Reply
That doesn't sound like a terrible idea, which means it will never happen.
Reply
causanortis (Jul 28 - 3:48 pm)
"Any law schools that have a high number of students declaring bankrupcty will lose their ABA accredition AND any future students planning to attend that school will not be allowed to take out public loans."
In addition, insist that US News and World Reports include the number of declared bankruptcies post graduation into their rubrics. Lemmings live and die by this ranking system, for many it is the sole determinating factor when deciding which law school to attend.
Reply
"Any law schools that have a high number of students declaring bankrupcty will lose their ABA accredition AND any future students planning to attend that school will not be allowed to take out public loans."
In addition, insist that US News and World Reports include the number of declared bankruptcies post graduation into their rubrics. Lemmings live and die by this ranking system, for many it is the sole determinating factor when deciding which law school to attend.
Reply
lefthandscribble (Jul 28 - 3:59 pm)
This sounds like an amazing idea, and in so much as it isn't terribly original, I like the spirit of trying to organize and effect change rather than simply leaving grumpy messages on jdu. So...what would the next step be? Amending the Bankruptcy code is like getting into HYS, it doesn't happen, particularly since the BAPCPA 2005 change to the code is still being digested. I think from a practical point of view, allowing for the discharge of private student loans is a good idea as you laid it out here for law schools, but what about other programs/professional schools? As it stands, I think that allowing private student loan debt to be paid down in a chapter 13 plan is a good idea, but outside the realm of possibility. Too many people would fight that change to the code. The recent changes to the code have been pro creditor and the general mood around the country right now seems to be very anti-debtor- the housing issue is a key example of this.
Reply
Post a message in this threadThis sounds like an amazing idea, and in so much as it isn't terribly original, I like the spirit of trying to organize and effect change rather than simply leaving grumpy messages on jdu. So...what would the next step be? Amending the Bankruptcy code is like getting into HYS, it doesn't happen, particularly since the BAPCPA 2005 change to the code is still being digested. I think from a practical point of view, allowing for the discharge of private student loans is a good idea as you laid it out here for law schools, but what about other programs/professional schools? As it stands, I think that allowing private student loan debt to be paid down in a chapter 13 plan is a good idea, but outside the realm of possibility. Too many people would fight that change to the code. The recent changes to the code have been pro creditor and the general mood around the country right now seems to be very anti-debtor- the housing issue is a key example of this.
Reply