Bankruptcy, Money, Quote of the Day, Student Loans

Quote of the Day: In Five Years, Don’t Say We Didn’t Warn You

William Brewer Jr.

Take it from those of us on the frontline of economic distress in America. This could very well be the next debt bomb for the U.S. economy.

William E. Brewer Jr., president of the National Association of Consumer Bankruptcy Attorneys, commenting on a new national survey of 860 bankruptcy lawyers. Surveyed lawyers expressed concern about the state of student debt in America, reporting that they are already seeing “what feels too much like what they saw before the foreclosure crisis crashed onto the national scene.”

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