Generally, you cannot discharge your student loans in bankruptcy. There is an exception for hardship but the definition of hardship is so narrow, the exception rarely applies.
To make matters worse, the time limits for collecting delinquent student loans have been eliminated. Collection efforts will follow you for years and years.
The National Consumer Law Center established the Student Loan Borrower Assistance Project (SLBA), the premier Internet site for student loan borrowers. There you will find information on repayment options for borrowers who are unable to pay their student loan contract payments.
Related posts:
- Help for Student Borrowers When School Closes Student loans are not generally discharged in bankruptcy, but what happens when the school closes and the student does not...
- Beware of Payday Loans, Auto Title Loans Beware of Credit Offers Aimed at Recent Bankruptcy Filers Small Loans It is always best to save some money to...
- Beware of Tax Refund Loans Tax refund anticipation loans Some tax return preparers offer to provide an “instant” tax refund by arranging for loans based...
- Avoid Rapid Ripoff Loans Beware of tax refund anticipation loans, they cost hundreds of dollars to get your tax refund a week or two...
- Do I Have to Reaffirm Car Loans, Home Mortgages? If you are behind on a car loan or a home mortgage and you can afford to catch up, you...
