Some of our students are struggling (financially) and in massive amounts of debt (which is largely due to fines faced from behaviors such as not living our core values or showing up late to a class).  Numerous students have inquired about bankruptcy and if they can go through that process (without really knowing all of the details about it).

After much thinking and exploration, we spent a little time this week discussing different types of bankruptcy and how we can work with that process to resolve all financial issues for our in-debt students (I did not encourage bankruptcy as a primary objective for students.  We discussed behavior modification as the first tool to prevent bankruptcy that if a student just showed up on time and did their job, they would not be in a financial hole).

A majority of the content we covered came from the Federal Reserve Bank of St. Louis (linked here).  We focused on Chapter 7 and Chapter 13 bankruptcy.  Feel free to chat with your student about your knowledge as it relates to bankruptcy and ask them about their situation.  Come up with a plan on how they will get out of the financial troubles they are in.