Student Loans and Bankruptcy
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Student Loans and Bankruptcy
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The student loan crisis in this country sits, at last check, at $1.7 trillion dollars. Many borrowers are in default or unable to pay. Many students come out of school with not only huge student loan debts, but also huge credit card debts, which they used to survived during college.
Student loans used to be dischargeable like any other debt, now the default is that no educational loans are dischargeable, based on some loopholes in the previous system.
Corey and Jon look at the Undue Hardship Exception:- what does it mean and how have different courts interpreted & applied it?
What can bankruptcy do for you and your student loans if you can’t discharge them? It can help mitigate other debt and bring education lenders to the bargaining table.
In this episode, we also look at:
- Student loans and non-bankruptcy options
- Federal loans-income based repayment options and/or disability discharges.
- The Future of student loans in bankruptcy proceedings
Contact Corey Carpenter:
Carpenter Law Website: https://mycarpenterlaw.com
Email: coreycarpenter@mycarpenterlaw.com
Call or text: (248) 327-7817