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Government insured student loans are exempt from the Bk process. They must be paid.
This is not true. Student Loans can be bankrupt. You must prove that you are unable to pay the loan ( living below or at the poverty guidelines). You must prove undue hardship ( Congress hasn't given a true definition of this, so courts are making their own decisions based on your presentation). You must prove good faith efforts ( this means you have been attempting to make payments, but to make the payments is causing you to live below the poverty guidelines).
You can also try to negotiate your loans with the Department of Education. For example, you pay 10 cents on the dollar ( $50,000 loans deminished to $ 5,000) over a 5 year period. There are other ways to get loans reduced.
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How do you bankrupt your student loans?
Student loans do not qualify for bankruptcy except in certain dire situations.
What kind of agency is The Student Loan People?
The Student Loan People is an agency that specializes in student loans. They are located in Kentucky. They work with people getting student loans, collections and repayments of student loans.
Can you put student loans on bankruptcy?
You must list student loans in your bankruptcy. They are not dischargeable, though collections actions are stayed by the automatic stay when the case is filed.
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.
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.
If a school goes bankrupt (college) while I am still registered do I still owe the student loans What is the best way to cut late fees and penalties from student loans?
There is the Weston Paxxon Senior Rehab Services which is one of the best in the Brooklyn, NY area.
If you have student loans in collections and you now have the money to pay in full is it possible to have the collections company bring the account current as part of the agreement to pay the debt?
once you have paid it. It will reflect on your credit report as paid
Who can intercept lottery winnings in pa if you have debts ie. student loans?
If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?
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.
If you have outstanding student loans and die is the estate charged for the student loans?
Actually, that's not true - student loans are forgiven when the student dies.
Is it possible for collections agencies to take your taxes without your knowledge?
No, Your taxes are really only able to be diverted for Government debts, child support and student loans.
Can you bankrupt your student loans if you have had a previous bankruptcy within the past 4 years?
I didn't get your question. Are you trying to ask if you can able to file bankruptcy again even though you had filed previously one? As far as i know, Student loans won't discharge in bankruptcy. It's better consult this from the bankruptcy advisers.
