Text Callout : Key Takeaways - Can You File for Bankruptcy on Student Loans? If you're overwhelmed by student loan debt and can't make ends meet, you may be wondering if you can file for ...
According to studentaid.gov, proving undue hardship requires the bankruptcy court to recognize one of the following situations: That repaying your student loans would prevent you from maintaining ...
When Uniondale, N.Y.-based Natalie Jean-Baptiste graduated from law school with a six-figure student loan debt, it never occurred to her that she wouldn’t be able to pay it back. 9 Key Practices ...
Alrena Dale, 61, had her six-figure student-loan balance wiped out after decades of payments. She's one of hundreds of borrowers who have received relief after new changes to the bankruptcy process.
Bankruptcy is one of those topics that nobody wants to become an expert in, but sometimes you have no choice. The good news is that compared to 2021, there have been fewer bankruptcies in the U.S ...
Even then, a judge's decision may not guarantee full relief. So, what happens if your student loan isn't discharged during bankruptcy? For those who didn't initially seek a student loan discharge ...
Alrena Dale, 61, got $155,000 in student loans discharged through bankruptcy. Biden's new bankruptcy guidance, aimed at easing the process for borrowers, made that possible. Some attorneys told BI ...
Currently, filing for Chapter 7 bankruptcy ... it took bankruptcy protections away from individuals. It also gave special treatment to private student loan companies by disallowing individuals ...
Data through November from the American Bankruptcy ... Chapter 7 may not be best if you’re a homeowner who has a large amount of home equity (but cannot access it with a home-equity loan because ...