City [of London] firms have warned law graduates who declare bankruptcy to evade repaying student debt that they will seriously damage their chances of winning a training contract [e.g., an associate position] � a stance that looks set to be backed by the Law Society.
Reacting to concerns that a growing number of law graduates will seek to use regulations introduced last year that add student loans to the bankruptcy register, graduate recruitment partners at leading City firms have told Legal Week they will reject such applicants.
"I would take a very dim view of any student attempting to shirk his creditors by declaring bankruptcy," said one senior partner at a magic circle firm � a view backed up by the majority of top law firms.
In addition, Chancery Lane officials have confirmed that the Law Society is considering making a statement on the issue to head off droves of law graduates declaring bankruptcy.
Details here from Britain's Legal Week.