Allow me to introduce myself. My name is Teddy Victor and as I previously stated I successfully wiped out over $225,000 in student loan debt...

Now, I didn’t have my student loan debt forgiven by one of those “special situations” or “programs” the Department of Education (DOE) offers…

• I’m not a teacher, nurse, or in law enforcement
• I never served in the military or the Peace Corps
• It wasn’t because of a disability
• My school didn’t close or cheat me out of any loan money
• I didn’t qualify for any public service
• I’m not an attorney
• Oh, and I didn’t die

So, what did I do?

“I eliminated my student loans—and my wife’s—through BANKRUPTCY!”

Did the word bankruptcy cause a few hang-ups? Well, let’s clear them up!

You probably heard somewhere that you can’t discharge student loans in bankruptcy.
Well, I’m here to tell you—yes, you can! The Department of Education has been very successful at keeping this secret from those filing for bankruptcy, even dizzying bankruptcy attorneys into believing it can’t be done or that it’s not worth their time or effort.

But it’s going to be way too hard, isn’t it?
It is time-consuming, especially if you’re not organized (I’ll make sure you are), and it may take months before it’s resolved, but it’s not hard. It will, however, require you to follow directions—like a good soldier.
I get to be the General and will give those directions in a simple, step-by-step manner that won’t stress you out or overload your brain. I’ll teach you only what you need to know based on what I learned and researched, but if you want to take the scenic route, I’ll provide all the extras you’ll need to become way over-informed!

Hey, bankruptcy carries a stigma!

If you’re on this website, then you realize your situation. I understand the burden you face and the loss of hope you must feel. I used to be in your shoes. I knew that the worst things that could happen were eventually going to happen unless I did something about it!

• Wage garnishment
• Income tax refunds withheld
• Social Security, retirement, or disability payments withheld
• Collection calls
• Bad credit

The best part is you don’t need an attorney!

Before I undertook this task and represented myself, I tried to hire an attorney. They all asked for enormous retainers, upwards of $10,000, or simply told me in a sarcastic way that I was wasting my time.

Another problem with hiring an attorney (and this is a big one) is that if you’re trying to eliminate your student loans, it’s assumed by the court that you don’t have the funds to pay them, so how are you going to pay an attorney’s $10,000 retainer?

And here’s the rub: if you did pay that kind of money to an attorney, the court would chastise you for not using that money to pay your loans in the first place! But I’m going to guess that you don’t have the $10,000, anyway, right?

Look, most bankruptcy attorneys, when it comes to student loans, are not practiced litigators. They don’t specialize or focus in that area. You can find a few who do, but they charge big bucks. Others want to get that kind of money from you but have only gone after student loan debt once or twice, with results that were not too favorable for the debtor (you). Most will just represent you for the bankruptcy but will pass on the student loan part.

Attorneys know they will be putting in lots of time. They make money by charging you for everything they do. Call them on the phone—you get charged. They file a motion—you get charged. These charges are called “billables,” and if an attorney can’t produce enough of them, it won’t be in their best interest to take you on as a client. And if they can produce them… well, you guessed it, you will get “billed” to death.

In the end, I knew that no one would fight for me better than me!

Take a moment and search the web for “Discharging student loans in bankruptcy” or some similar phrase.
Here is what you’ll learn after clicking from site to site:

A). That it’s not possible or way too hard.
Many of these sites belong to “debt counseling companies” baiting you with the information you seek, then switching you to a different agenda—getting your money for services you don’t need!

Other sites belong to “attorneys” trying to discourage you from attempting anything without them! They want to represent you (for a large retainer, of course)!

B). You stumble across a nice story.
Someone wrote a book, usually a narrative on the emotional journey they undertook. They tell how they moved back in with Mom and Dad, took on three jobs, and paid off those loans! Although these stories are great inspirational pieces, they don’t help you get out of your dire situation!

C). You find a thesis paper.
Some grad student (who never actually went through the process) rambles on about bankruptcy law and student loan debt… complete with statistics, tables, and spreadsheets (hope they got an A).

I was astonished that there was nothing out there that explained just how to do what I did!

You should not have to suffer a life of anxiety, depression, or a 25-year payment plan! What you are attempting may feel overwhelming at times and seem like you are getting attacked from all directions.

At one point, my monthly payment was $1,100, yet the interest added on each month was $1,600! I would never be able to pay off my loans at that rate! I decided that enough was enough, and I was no longer going to be a PAWN of the Department of Education.

There is no one who will teach you how to do what I did better than me. I kept really good notes, and I’ll make the process pleasant for you.

Listen, if you have student loan debt you can’t pay, then what are you going to do about it? It’s not going to just go away. You can only do nothing for so long. Eventually, action will be taken to collect it! You have nothing to lose!

I will pass on to you exactly what I did so you, too, can—Vanquish Your Student Loans!

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TAKING NO ACTION

Now, you can choose to do nothing, and at the very least, 3 things will happen in this exact order upon becoming delinquent (falling behind on your loans):

1. Your credit will be adversely affected, making it very hard, if not impossible, to get a credit card, auto loan, lease on an apartment, mortgage on a house, or even a job (if the employer checks your credit, as is sometimes the case).
2. Your loan servicer will turn you over to collections; now the phone calls start, as well as late fees and penalties. All these “collection costs,” along with the additional interest, will be added to the balance of your student loans, making them much more unaffordable.
3. Your delinquency will cause you to eventually go into default, and when that happens…

Your student loans (principal and interest) immediately become due and payable if the Department of Education (DOE) wants to press the issue (they often do).

The DOE will eventually:

• Withhold state and federal income tax refunds
• Keep Social Security, retirement, and even disability payments
• Force your employer to garnish your wages (now everyone at work knows)

But let’s say they don’t act on this right away and give you a pass for a bit. Being in default will add these to the list:

• Prevent you from taking out more federal student aid
• You will lose all deferment options and any program forgiveness benefits you are currently getting or have accumulated
• The default will remain on your credit report for seven years

And while you are enjoying your “pass,” they have been busy using that time to hire attorneys and build a court case against you. (So, there’s that.)

All this, by simply doing nothing—and that’s not even mentioning the anxiety and depression you will be living with.

“This website alone is a great source of information but you’ll need the book to actually vanquish your student loans!”

A note from the author…

I wholeheartedly believe I was successful in discharging my student loans because of how I approached the matter. It’s not just about filling out forms correctly, filing them with the court, and crossing your fingers. I decided to put all the information about my experience and extensive research in a book to help debtors like you who have given up hope. I have also strategically woven the methodology I used, along with the mindset I need you to have… and you won’t even know it’s there!

The information provided in my book is exactly what I did to eliminate my student loans.

You won’t find better-explained information anywhere. I’ll guide you through the process and explain things as if you were twelve—which is exactly what I wish I had when I was dealing with all of this… so, there’s that. I have great faith that you will be able to vanquish your student loans as I did and live a life free of anxiety, depression, and stress. I will do my best to make this journey as pleasant as possible.

So, as Publius Flavius Vegetius Renatus stated a long, long time ago:

“Si vis pacem, para bellum.”
(If you want peace, prepare for war.)

Best wishes to you in this endeavor.