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Virtually all student loans are not dischargeable, unless you can show a hardship - something more than the inability to pay. Disability, new child with severe medical problems, something on that line.
If the loan was for a school that turns out to be a scam, it may be dischargeable.
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∙ 14y ago
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Can you bankrupt on a government student loan?
These are not allowed to be discharged.
Are you able to apply for a student loan if you are bankrupt?
In the US, yes. Federally guaranteed student loans are not given out based on credit or employment.
Can you apply for a student loan after a filing for bankruptcy?
Only if the bankruptcy is currently discharged.
Will bankruptcy remove your private student loans?
No, that is the only loan that will not be removed when you become bankrupt or if you pass away.
Can I get a student loan after filing chap.7 bankruptcy?
yes, you are eligible, but be careful not to get back into debt.
How can you eliminate the interest and penalties on your student loan?
The penalties by paying on time. The interest by paying it off.
Can you take out more student loans after filing for bankruptcy?
in most cases you can't included student loans in the bankruptcy filing. It would all depend on who your're trying to get the loan from. Some would let you have a loan (like the government student loans and stuff) but if your trying a private place like a bank you might not be able to.
Can you bankrupt an Unsubsidized student loan?
In theory yes- student loans can be discharged. In practice- it is extremely rare. The only examples i have seen where a student loan is discharged is when the borrower is paralyzed, have a severe neurological disorder, or has been diagnosed with an end stage illness and are therefore unable to work. A discharge of student loans is so rare that most attorneys flat out tell potential clients that student loans are not dischargeable. I'm not sure what you mean by "unsubsidized" - I know what it means - I'm not sure you do! A government backed (that doesn't mean subsidized) student loan cannot be discharged in bankruptcy. If it isn't government backed, it is simply a personal loan you used to pay for education and may be discharged like any other. Additionally, you do not bankrupt "a loan"...you go bankrupt - it includes all things you own and owe. Nothing is excluded. Some things may not be discharged.
Can you bankrupt a 25 year old student loan in a chapter 7?
If it is guaranteed federally or under any of those programs, no - they are not dischargeable in BK.
How can student loan debt be consolidated?
Student loans can be consolidated after graduation or dropping out of school by filing with the government to consolidate all federal student loans. Remember that non-federal loans cannot be consolidated.
Can the Treasury Dept offset a joint married tax refund if it is your default student loan and not the wifes. Your debt was pre-marriage?
Yes. If you are worried about it, I'd file Married Filing Separately until you get the student loan issues cleared up.
If i cosigned on a loan then the person goes bankrupt then they default on a bankrupt what happen?
You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
