Can I discharge student loan debt in bankruptcy?
Because student loans are generally guaranteed by Federal statutes, discharging them in bankruptcy is difficult, but not impossible. There are very limited circumstances under which the Bankruptcy Court would relieve a borrower from student loans. These circumstances require the showing of an undue hardship demonstrated in Court that, if the borrower were required to continue paying the debt, the borrower would be unable to maintain a minimum standard of living. During our free consultation, we can help you determine whether you are elligible for discharging your student loan debt.
Trusted Brooklyn, New York Family Law Attorney helping NY residents with Elder Law and Asset Protection