Ask your Chandler Bankruptcy Attorney About Student Loans
Just about every Chandler bankruptcy attorney will tell you that is impossible to get rid of your student loan debts by way of bankruptcy. Like some other tax debts, student loans are not dis-chargeable, and will persist even after you have filed for bankruptcy. However, there are some unique circumstances where this is not true, and some opportunities for you to restructure your student loan payments. With the undue hardship clause in bankruptcy law, it is possible to discharge student loan debts if the debts are placing a considerable strain on your daily life. Given that this is an unlikely exception, this is not a practice we traditionally rely upon to get student loans forgiven. The first thing you will be required to do is submit an appeal to your bankruptcy court. You'll have to consult your attorney on the right procedure. You'll have to meet with the judge and explain exactly why you think your hardship qualifies to have your financial burdens removed.
There are three specific points that you must argue in proving why you qualify for this unique debt forgiveness. First you need to
show that you are unable to both repay the loan and have enough money to get by. You'll have to prove that you are unable to get out of your poor financial circumstances, and that you sincerely tried to get your loans paid for.
Generally, you won't be able to prove that you are in such extreme a position without having some kind of physical limitation or disability. This means that your physical condition is preventing you from making enough money to get by and pay off your loans. Again, courts are almost never willing to forgive student loan debts, unless the person has severe physical problems.
You probably won't be able to use bankruptcy to get rid of your student loans. However, there are ways to consolidate your various loans into one loan plan. This can be done via a Chapter 13 proceeding. You may wish to contact a Chandler bankruptcy attorney to
learn more about this kind of filing. This will allow you to restructure your payment plan to repay your debts over a specific period of time. It also brings the benefit of ending creditors and debt collection agencies ability to contact you and hassle you for money.
There are three specific points that you must argue in proving why you qualify for this unique debt forgiveness. First you need to
show that you are unable to both repay the loan and have enough money to get by. You'll have to prove that you are unable to get out of your poor financial circumstances, and that you sincerely tried to get your loans paid for.
Generally, you won't be able to prove that you are in such extreme a position without having some kind of physical limitation or disability. This means that your physical condition is preventing you from making enough money to get by and pay off your loans. Again, courts are almost never willing to forgive student loan debts, unless the person has severe physical problems.
You probably won't be able to use bankruptcy to get rid of your student loans. However, there are ways to consolidate your various loans into one loan plan. This can be done via a Chapter 13 proceeding. You may wish to contact a Chandler bankruptcy attorney to
learn more about this kind of filing. This will allow you to restructure your payment plan to repay your debts over a specific period of time. It also brings the benefit of ending creditors and debt collection agencies ability to contact you and hassle you for money.
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