Liquidation

It’s nearly impossible to cancel your student loan debt in bankruptcy.

Fewer than 1,000 people try each year. Those who do are required to file a lawsuit against their lenders and then convince a bankruptcy judge that they’re so poor there’s no hope of ever repaying the loans.

This week on The Broke and the Beautiful, Eddie Montgomery is rolling with bankruptcy and so is the chairman of a far-right political party in Britain. Also, a lawsuit against film financier David Bergstein was dismissed.