Can You Claim Bankruptcy On Student Loans
To discharge student loans you have to file an adversary proceeding in bankruptcy court arguing that your loans are an undue hardship. Theres no automatic student loan debt discharge. Bankruptcy Discharge What Is It Bankruptcy makes more sense in instances of student loan default especially if you have defaulted on private student loans and your lender is suing you in an attempt to garnish your wages. Can you claim bankruptcy on student loans . You actually can get student loans. This is true for medical debt credit card bills and even student loans although the type of bankruptcy you should pursue Chapter 7 or Chapter 13 depends on many factors such as your ability to. Over the years a myth has taken hold that you cant get student debt reduced or wiped out through bankruptcy. Its just a little tricky. But many bankruptcy judges. You may have heard that student loans cannot be discharged in bankruptcy. Student loans are difficult but not impossible to discharge in