Tenminutes,
Nothing I said was intended to be belittling or derogatory. Quite the opposite. My point, following on from WWW's regarding the possibility of a young student learning to fly mainly on unsecured credit card loans, was simply to show how the system works and what options are available. Many wannabes will do a degree and then put the proceeds of their higher earning jobs towards flying training.
I too, as implied in my post, have zero sympathy towards lenders and the utmost sympathy with anyone in dire financial straits, I have been there myself.
There have been many recent cases (as I recall 600 in a single year from an article I read) where university leavers have declared themselves bankrupt upon graduating due to the recent student loands not being exempt. Using loans towards the procurement of luxuries is exempt from bankruptcy but to the best of my knowledge training is not.
Worth checking out and maybe not directly applicable to all those on this thread, though it was given for information only and in good faith.
I personaly see nothing belittling or derogatory about someone entering bankruptcy. I only wish the best to any who tread that path.