If you are thinking about declaring bankruptcy and wondering how this will
impact your college student loans, here is some basic information.
Student loans debts are treated exactly the same as all other unsecured debts
and payments owed to creditors.
Recent law changes state that an individual filing bankruptcy within ten years
(formerly two years) of last attending school will not be eligible to have their
student loans discharged at the end of the normal nine-month bankruptcy term.
The student must make a separate application to the court to have the student
loans discharged.
You may be interested in first trying to consolidate your student loan.
Student Loan Consolidation
Student Loan Consolidation
is a way to consolidate your student loans by refinancing your debt. When you
refinance, you can combine all your student loans into one single student loan
consolidation program.
Visit our Student Loan Consolidation information page to learn how to possibly
avoid bankruptcy and keep your credit in good standing.
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