How Bankruptcy and Student Loans Work


The Relationship Between Bankruptcy and Student Loans Unfortunately, getting a college degree does not come without lingering debt for most of us. The other unfortunate thing is that most debtors will not wipe out student loan debt if you file for a Chapter 13 or Chapter 7 bankruptcy unless you can prove that it causes you undue hardship. Continue reading to learn about the relationship between bankruptcy and student loans. What is the Undue Hardship Exception? In order to have student loan debt discharged, or wiped out, in bankruptcy, you and your attorney must prove that it would result in an [...]

How Bankruptcy and Student Loans Work2019-05-07T15:03:16-04:00

Student Loan Bankruptcy


Student Loans and Bankruptcy The number of students facing student loan debt has increased manifold. Education has become expensive and it is not possible for everyone to finance it. It has resulted in a large number of student loan debts. However, it is not all bad news. Now there are various ways to deal with student loans. Even when a student is under default and facing bankruptcy, there are effective measures that help rehabilitate the student loan. Know the Type of Loan You Have Borrowed This is the first step in determining if you are eligible for loan relief consideration. There [...]

Student Loan Bankruptcy2018-05-07T15:25:45-04:00
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