Student Loans in Bankruptcy

There are several payments that are not dischargeable in bankruptcy such as child support and alimony. Student loans are also among payments that are not typically discharged in a bankruptcy case. That does not mean it is impossible, merely difficult.

In order to have your loan discharged you must prove that the debt imposes a hardship on you and your dependents after filing for Chapter 7 or Chapter 13 bankruptcy. To prove such a hardship, the person must prove a mental, physical, or medical hardships. If the loan company does not challenge the hardship then your debt will be discharge.

It is important to know that even when your loan is discharged, your co-signers are responsible for the remaining balance and interest.

For those who are having a difficult time discharging their debt, the assistance of a bankruptcy attorney can help you during this time. Residents of the Sacramento area can look to the experience attorneys at Liviakis Law Firm. We can aid you through the entire process, contact us today at 916.459.2364