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Will bankruptcy remove government loan debt?

Updated: 8/17/2019
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14y ago

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Student loans, no. A SBA type loan...probably

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Q: Will bankruptcy remove government loan debt?
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If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?

You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.


Can you file bankruptcy on a truck repo past due loan?

No, if you mean, can you single out this debt to "file bankruptcy on." You file bankruptcy on ALL your creditors. You don't get to pick and choose. But you can certainly include such a debt in bankruptcy.


Is an SBA Loan discharged in bankruptcy?

It depends what kind of bankruptcy you are talking about. Most individuals file for chapter 7, so I'll assume you are talking about Ch 7. In the vast majority of those cases, the SBA loan is discharged along with all the other unsecured debt. Many people confuse SBA loans with federally backed student loan debt, and they are not the same. SBA debt is treated just like any other debt in a bankruptcy. The unique feature about SBA debt is that they have a settlement process (known as the Offer In Compromise) that allows borrowers to settle their debt without resorting to bankruptcy. - Distressed Loan Advisors


Will a car title loan be discharged by filing bankruptcy?

No, only unsecured debt is discharged.


Can I get a student loan after filing chap.7 bankruptcy?

yes, you are eligible, but be careful not to get back into debt.


Where can one find a government debt consolidation loan?

You can find a government debt consolidation loan by contacting the federal government division which deals with the type of loan that you are looking for. For example if you are looking for a student debt consolidation government loan, you can also usually get a form through the financial aid office at your school besides applying on the federal government's student aid website.


Can someone with a bankruptcy but above-average income and a low debt-to-income ratio co-sign a student loan?

No. If someone has a bankruptcy in their last 10 years with an above average income and a low debt-to-income ratio can't co-sign a student loan.


Can a loan you borrowed from a friend be covered under a bankruptcy?

Generally yes, if there is a contract signed by both of you (the lender and borrower) and you include that debt in you bankruptcy filing.


What is a charged off loan when connected to Chapter 13 Bankruptcy?

A charge-off is a tax-related matter and has nothing to do with bankruptcy. The debt is still owed.


I cosigned a loan for my granddaughter she has filed bankruptcy will her creditors come after you too?

If you are a cosigner on a loan, you are responsible for the debt of the loan if the primary signed defaults on the loan. So, yes you can be called to pay on the loan by the creditors.


Where can someone find information about getting mortgage loans after bankruptcy?

Quicken Loans has an excellent section on how to obtain a loan or mortgage after filing bankruptcy. Most debt consolidation centers and bankruptcy attorneys will have information or references for those seeking information on applying for a post-bankruptcy loan or mortgage.


Loans After Bankruptcy ?

form_title=Loans After Bankruptcy form_header=Have you filed for bankruptcy? Find a lender willing to approve a loan for those who have had past bankruptcy. Desired Loan Type?*= _Please Describe[50] Do you need a financial advisor to help get you out of debt?*= () Yes () No Total Debt Amount?*= _Enter Amount[50] Credit Rank?*= {Poor, Fair, Good, Very Good, Excellent}