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What is the student debt bomb?

America’s student loan debt continues to spiral out of control, a ticking time bomb for our nation’s financial future. At the end of 2018, student loan debt hit over $1.5 trillion, tripling in size since 2006. Tuition costs grew exponentially as state and federal funding of higher education diminished. At the same time, college education became a prerequisite for starting a career. Students took out these loans in good faith, only to be faced with unprecedented debt burdens as they try…

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Regional Application

This information is only applicable to people who live in Santa Clara County, California, USA. In the USA, the bankruptcy law is a federal law that applies in all states. The property that can be protected (“exempted”) by people who file bankruptcy is prescribed by state law, however. Bankruptcy, property, and exemption law is further affected by court decisions that apply in certain geographic areas. If you live in the USA, but are outside of Santa Clara County, please consult an attorney in your own area.

General Information

The information contained in this web site is general in nature. Bankruptcy law is extremely complex and it is easy to misunderstand how a general description might or might not apply to you personally. In order to find out how this information applies to you personally, you will need to discuss it in detail with one of our attorneys.

Debt Relief Agency

Federal law states that attorneys who represent people in bankruptcy cases are “debt relief agencies.” Gold and Hammes represents people (and small businesses) in bankruptcy – in fact, that is the only type of law we practice. Therefore, Gold and Hammes is a debt relief agency.