Author Archive for Kathryn Hathaway

Student loans but no education? Can you get rid of the loan?

Photo of Kathryn Hathaway

Chief Phoenix

Do you hate paying your student loans? Do you feel like the school made promises about your earnings or career and then didn’t keep those promises? Believe it or not, it is possible to get rid of your student loans without bankruptcy. Without disability. Without dying! The federal law making this possible has been on the books since 1994. But until 2015 it had only been used three times. Then scandal erupted around a career college that advertised the world, but only delivered a little dirt.

Corinthian College was a career college that attracted students by promising them a great future, great jobs and high earning potential. Students applied for student loans to pay the high tuition. Then students started to complain to the Department of Education that the school had not delivered on its promises. They weren’t earning the big bucks they were promised. Many couldn’t get jobs at all.

When the Corinthian College scandal broke, the Department of Education dusted off Section 455(h) of the Higher Education Act, and created a regulations and a system to bring this kind of defense. Students just have to show that the school promised an education, job or earning potential, that based on that promise the student registered and received student loans to pay for it, and then the school didn’t deliver.

The first report of the U.S. Department of Education’s Special Master appointed to solve this problem is at The report contains valuable information about student loans and the borrower defense, as well as a link to the form you must complete to apply for relief.

Getting rid of student loans for an education that didn’t deliver as promised may be one of your steps to rise like a Phoenix from the ashes of financial ruin.

Good luck!

Kathryn A. Hathaway
Chief Phoenix

Love your money with Dawn DelVecchio in Spirit Mind & Money

Dawn DelVecchio SMB-Book-TransparentMarketing Copywriter and Business Consultant, Dawn DelVecchio has looked negative money mindsets in the face – the faces of her clients and in the face in her mirror – and has learned how to rebuff and reframe the defeating messages about money we all learned in childhood.  She calls them our money mantras.  In her own experience and in working with her clients, Dawn has found that failure to look our beliefs about money leads to chronic inefficiency and an unwillingness to take positive steps to improve our relationships with money.  Wouldn’t you like to make more money and then hang onto more of it it?  I would!

I highly recommend Dawn’s book Spirit, Mind & Money and invite you to join us on October 13 at 7 pm for a free teleclass where Dawn will share her discoveries about the power of transforming money consciousness.  You will also have opportunities to ask Dawn your own questions.  Please register for the class by clicking on the link below.  You will instantly receive the phone number and secret code. We look forward to your joining us.


Let’s Rise Phoenixes!

Kathryn Hathaway

Payday loan overlord Charles Hallinan faces racketeering probe

Read this article about payday loans and racketeering!

I was thrilled to see that the prime mover of the payday loan industry that has injured so many of my clients and friends is getting just desserts!  Payday Loans!

Have a wonderful day!

Rise, Phoenixes, Rise!

Kathryn A. Hathaway


Raising Wealthy Kids by Melanie Jane Nicolas

Last weekend I was in Chicago to participate in Loral Langmeier’s 3 Days to Cash seminar.  My mission was to learn how one of the original Shark Tank Sharks – millionaire maker Loral Langmeier teaches people how to make money. I met some amazing people – one of whom is Melanie Jane Nicolas, author of Amazon Best Seller Raising Wealthy Kids: 7 steps for creating the First Financially Responsible Generation.  Melanie Jane is the guru of financial literacy for kids.

In case you don’t read any further, let me give you Melanie Jane’s website right now. Consider this “legal advice”: Buy this book. Do the exercises. Let this process transform your financial life, your marriage and how you raise your kids. Now onto the book review.

Melanie Jane is on a mission to end the epidemic of FOG™ – Financial Overwhelm Generation. She has created a process that parents can follow to teach themselves and their children how to think about money more productively. She calls it the WEALTHY™ Blueprint.

W – Write down your money beliefs
E – Evaluate your own money values
A – Affirm and Assimilate your family’s core money values
L – Lead your children to financial freedom
T – Transform your money values into a system
H – Help your kids earn money
Y – Young Entrepreneur Creation Movement

Teaching kids about money isn’t happening in the schools, so Melanie Jane has created systems for families to learn and teach it in their homes. She founded Kids Wealth International Clubs™ where she created camps and programs to help families transform their money consciousness. Seeing how crucial it is for parents to be involved in their children’s financial education, she founded APPEAR – the Association of Proud Parents Educating About Riches. This young mother of four young children is a dynamo.

I wish Melanie Jane had been around when I was raising my son, Peter, so I could have gotten my financial life together much younger and conveyed those new improved money values to him. Peter’s wonderful wife Allyson is –among other things – an economist and has given him the sound financial education I didn’t. Thank the Universe for do-overs.  It’s only to late if we don’t start now!

Rise, Phoenixes, Rise!



Will I Ever Be Able To Retire?

I count myself as a fellow phoenix for good reasons. I have been a single mother with no visible means of support who relied on credit cards for necessities as well as emergencies. I’ve done very little conscious retirement planning.  I have used some of my meager retirement savings to dig myself out of a hole – more than once. I have a small retirement savings that will not get me to my life expectancy of age 91. I have no pension. And I have filed bankruptcy. I too am climbing out of the ashes of financial ruin.  I’ve been telling people I’ll have to work until I’m 85 before I can retire.

So finally, I went to to use their retirement calculator. You tell it how old you are, how much retirement savings you have now, how much you are saving per month, what kind of lifestyle you intend to live in the future (current lifestyle, scaled back or more elaborate), your anticipated retirement income (Social Security and pensions) it tells you how long you have to keep working. I was thrilled to learn that I can retire at 75 rather than 85.  And if I save more and/or scale back my life style (not likely) I can retire even sooner.

I heard somewhere that we teach what we most need to learn. So I am applying years of study as a consumer bankruptcy lawyer and my personal experience to this project, Being the Phoenix™.  I’m sharing with you,reader, the lessons I need to learn.  Go to and find out whether your current mode of savings and earnings is going to get you where you want to go when you want to get there. And then join us here to find out what you can do to accelerate your learning curve and fly higher sooner!

Rise, fellow phoenixes, Rise!


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A New Beginning

After over 20 many years of work as a bankruptcy lawyer, I’ve come to the conclusion that it isn’t enough to just get rid of debt or just save clients homes. We (and I do mean we) all need inspiration, education and tools to change our mindsets about money and debt. I’m not an expert in all the needed fields, but I know people who are!

Welcome to the Being the Phoenix blog and website. I have big dreams for this website.  I want it to evolve into a go-to site for people recreating their financial lives – rising like the phoenix from financial ruin.  I see it including a library of replays of Being the Phoenix’s Ask the Financial Expert teleclass (Click on the Teleclass page for more info); links to calculators of all kinds, articles on financial planning, investing, entrepreneurship, how to get a mortgage, how to finance a car, and loads of other topics; videos; a bulletin board where rising phoenixes can share questions, answers, and inspirations in a confidential environment.

What would help you to reinvent your financial life?  I look forward to your ideas because this site is for you!

Rise, fellow phoenixes, (is that the plural?)  Rise!

Kathryn A. Hathaway

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