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Student loans are exempt from discharge because too many others had the same idea.
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∙ 12y ago
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Can college debt be included in a bankruptcy?
No. Educational loans will remain with your during and after the bankruptcy is completed. This holds true regardless of whether you decide to file for Chapter 7 or Chapter 13 bankruptcy.
Do student loans automatically come with filing bankruptcy?
Federal Student loans cannot be discharged in bankruptcy. You must repay them.
Do you have to pay back a private student?
Yes. Educational loans fall under the category of "non-dischargeable debts" and do not go away in any type of bankruptcy filing.
Student loans and bankrupsy.can they be discharged?
Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.
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 have two car loans after a bankruptcy?
yes
Can bankruptcy stop automatic payday loans?
NO.
Do you have to list student loans in bankruptcy?
Yes.
Auto Loans for Bankruptcy?
Take any offer for auto loans for bankruptcy with many grains of salt. Very few lenders will lend any money to anyone who has recently declared bankruptcy, and any lenders that do offer such loans will do so at very high interest rates with very high penalties for late payment and default. Since you cannot declare bankruptcy again if you default on a loan soon after bankruptcy, auto loans for bankruptcy are risky for you but very profitable for unscrupulous lenders who prey on bankrupt individuals and entice them to take out loans before they have a chance to rebuild.
Will bankruptcy remove life insurance loans?
Life insurance loans are not on your credit report.
Can you file bankruptcy for your student loans and keep your house out of it?
If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL 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.
