You may have heard that student loans follow you forever, even beyond the grave, until you or your heirs repay them. It is true that student loans are not ordinarily dischargeable in bankruptcy. However, a bankruptcy attorney who takes the time to listen well and evaluate all your financial circumstances can be a great help to a debtor struggling to cope with student loan debts along with other debts.
Ordinarily, certain debts that cannot be discharged in bankruptcy include student loans, child support and tax debts. There are always exceptions in certain situations. For example, someone who has suffered a serious injury or illness and is disabled may convince a bankruptcy judge to discharge student loan debts.
Even if there is no exception available in your case, you should talk to knowledgeable financial advisors to learn how other people have dealt with nondischargeable debts. A bankruptcy lawyer can help you explore all your options for coping with unmanageable debt.
Getting your consumer debts such as credit card debt and medical bills discharged in a Chapter 7 bankruptcy or reorganized in a Chapter 13 bankruptcy may enable you to make your student loan payments with much less stress and hardship. This is why we at Genova & Malin, Attorneys at Law, hope you will not rule out the possibility of bankruptcy as a remedy to your student loan problems before you talk to a lawyer about the big picture of your financial troubles.
Talk to a New York Attorney About Student Loans and Bankruptcy
Contact Genova & Malin, Attorneys at Law, near Poughkeepsie to discuss strategies and opportunities for coping with student loans and unmanageable debts.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
