http://news.ycombinator.com/item?id=2471229 http://news.ycombinator.com/item?id=2471229 How much is student loan debt vs credit card debt? As I understand in

http://news.ycombinator.com/item?id=2471229 http://news.ycombinator.com/item?id=2471229 How much is student loan debt vs credit card debt? As I understand in the US, you may still have some of the student loan debt remain after a bankruptcy. I haven't started a successful business, but I've heard many, many entrepreneurs say not to expect a significant income for 2-3 years. And even then it would probably be minimal and not cover your debt obligations. Bankruptcy is obviously a personal choice to make. However, please realise that some people are more prone to getting into debt and even with a bankruptcy, if your behaviour doesn't change, you may wind up right back in the same situation in a few years. I don't mean this as a personal attack, but from what you wrote, your wife sounds like she has similar issues with money. I came out of college about $40,000 in debt and paid it off in about 2 years. I listened to Dave Ramsey a lot during this period to keep me motivated - http://www.daveramsey.com/radio/home/ http://www.daveramsey.com/radio/home/