To get your student loans discharged in bankruptcy, you’ll need to prove that they cause you “undue hardship.” Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must ...
Some borrowers told Newsweek their scores dropped by as much as 200 points when their loans became delinquent while they were ...
Colorado student loan attorney Karen Cody-Hopkins said the plan from President Joe Biden is most likely dead since he's no ...
Certain types of debt typically can't be discharged through bankruptcy, including most student loans, recent tax debts, child support and alimony obligations. If you've taken on new debt ...
You have declared bankruptcy or defaulted on your loans. "In many cases, borrowers with defaulted student loans are not eligible for refinancing," said CNN, and "similarly, most lenders won't ...
This may take place through debt settlement, bankruptcy discharge, student loan write-down, foreclosure or other debt forgiveness. The IRS is very interested in canceled debt. Here's why.
Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing collection actions against you, including phone calls, wage garnishments and ...
"Taxes, student loans, and child support obligations are generally not dischargeable in bankruptcy," Mortenson says. When it comes to businesses, "there is no discharge of debts because ...
Student loans aren't commonly discharged in bankruptcy, but it's possible if payments cause undue financial hardship.