Has anyone recently (within the last couple of years) filed for bankruptcy and had school loans discharged?
The information I get is mixed concerning bankruptcy and school loans. I’m told they can’t be done. Then when I insist I’m told only under certain circumstances like 6 months of life left or extreme disability. Most lawyers don’t want to give any information, it seems as though a wall is up when it comes to school loans. I went to the school loan’s website and they have terminology that looks as if you can get out of them. They mentioned nothing about the extreme circumstances. In my profession, I view many closed loan files. I recently saw on a credit report a ch 13 bankruptcy and a school loan was included.
Does anyone have information on this subject? I would really appreciate any help you can give me.
There is a way that a school loan can be discharged with a bankruptcy.
Firstly let me explain my situation and what happened to me. I had a student loan that was in default, I worked with them to get it off my credit report after one year by paying them a sum of money on time (which actually happened to my suprise).
I had to pay off the rest in timely monthly payments and when there was six months left they paid the rest off for me.
Now how to get a student loan discharged with a bankruptcy.
What needs to be done is to have someone or some agency pay off the loan with a conventional loan to you and then you don’t owe the government any longer you would owe a regular loan which is covered under bankruptcy.
Any type of FEDERAL DEBT owed to the government is owed until it is PAYED OFF. Even if the entity (person) dies, the debt goes to the survivors of that person. This would include such things as student loans and money owed to the IRS.
