I feel like I am in a panic right now. TLDR version, our extremely high student loan debt is pushing us over the chapter 13 limit, and we make too much for a chapter 7.
My husband and I both have doctoral degrees, and have a combined student loan debt of 600k (20 private, rest federal. We also have combined about 100k in credit cards, and 30k in back taxes. Even though student loan debt is not dischargable, it still counts as unsecured debt, and puts us over the limit for chapter 13. Our income is too high for chapter 7. Husband makes 30k, and my business take home is 150k. We live in a high COL city, where the median income for chapter 7 is 130k.
I had a consult with an attorney, who said to look into a chapter 11 V. That honestly sounds like a nightmare. Are there any other options? Could we file seperately? Is a 11 reasonable?
submitted by /u/SacralPlexxus
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