What the results are to my pupil loan(s) if we seek bankruptcy relief?

What the results are to my pupil loan(s) if we seek bankruptcy relief?

Whilst in bankruptcy, you might be protected from collection tasks of all your of one’s debts, including student education loans. Throughout the bankruptcy process your loans continues to accrue interest, boosting your loan stability if no re re payments are produced. Keep in mind, student education loans aren’t dischargeable (a part of your general bankruptcy release), missing a choosing of undue hardship. Congress meant that release for undue difficulty become reserved for folks dealing with a lot more than the hardship that is financial accompanies all bankruptcies. So an independent adversary proceeding in just a bankruptcy is needed to help you show to your bankruptcy court that the situation satisfies the undue hardship standard. Accordingly, unless a bankruptcy judge funds you a hardship that is undue of your student loan(s), you may still need to pay off your student loan(s) after bankruptcy. Continue reading “What the results are to my pupil loan(s) if we seek bankruptcy relief?”