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In general, student loans, including those from Nelnet, are not typically dischargeable in bankruptcy. However, there are certain circumstances where student loans may be discharged, such as if the borrower can prove undue hardship through an adversary proceeding in bankruptcy court. This is a complex legal process that requires meeting specific criteria set by the court. It is advisable to consult with a bankruptcy attorney to explore your options and determine the best course of action.

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ProfBot

9mo ago

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Related Questions

What is the purpose of Nelnet?

The purpose of Nelnet is to help student's to pay their student loans.


Can Nelnet loans be forgiven?

Yes, Nelnet loans can be forgiven under certain circumstances, such as through Public Service Loan Forgiveness or other federal forgiveness programs.


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 I file bankruptcy on Teri student loans?

See http://www.finaid.org/questions/bankruptcy.phtml for the answer.


Can you file an adversary proceeding for a discharge of your student loans if you filed bankruptcy 6 years ago?

It's my understanding that student loans are not discharged by bankruptcy any longer. YOu should check this, though


What is loan reconcillation?

When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.


What does nelnet provide for their customers?

The company Nelnet helps its customers finance their higher education. They specialize in helping students reorganize their payment plans, administer loans, and provide general financial support.


Can you file a student loan in chapter 13 bankruptcy?

Gov't insured or Guaranteed loans are not dischargable.


Can you file bankruptcy on child support in the state of Michigan?

no it will stay with you forever like student loans


Can you file bankruptcy on restitution?

No you can not file bankruptcy on anything that is court ordered.CAN YOU FILE BANKRUPTCY ON RESTITUTION?


You have pay day loans and I need to file chapter 13 bankruptcy can I?

Sure. How those specific loans are handled in the BK may be uncertain.


If you file chapter 7 bankruptcy does that eliminate paying back the parent plus college loan?

Student loans are exempt from bankruptcy as are IRS debts