It is important for people to continue making mortgage payments if possible and use the money they are not using to pay off their debts, hire a lawyer and pay taxes government bankruptcy. Second, if you have government student loans and qualify for student loan forgiveness, it is important to pay only the bare minimum on these loans because they are likely to be forgiven in 10 years or less if they are not repaid and it is better to use your money is better. The most dangerous type of debt today is student loans. These loans cannot be forgotten in bankruptcy (except in extremely rare circumstances such as severe permanent disability) due to a bill passed in 2005. Even in bankruptcy, there is no income-based repayment or forgiveness of the loan, so they can continue to haunt you. and you can continue to repay these loans forever, especially because of the extremely high interest rates on these loans. However, if you have taken out these loans and they are still manageable, you need to take care of these loans now and pay them off in full before they end up in crisis.