Key Takeaways. Although challenging, you may discharge student loans by filing Chapter 7 or 13 bankruptcy. To discharge your student loans, you must take the extra step of filing an adversary ...

Key takeaways. To get student loans discharged, you'll need to prove that they cause you "undue hardship." Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a ...

To file for student loan bankruptcy, first file for Chapter 7 or Chapter 13. Next, you'll file an adversary proceeding for the court to evaluate a student loan discharge.

Key points It’s very difficult to get student loans discharged in bankruptcy. To qualify for a Chapter 7 bankruptcy discharge, you must demonstrate undue hardship, which requires proof.

A recent study by LendEDU, an online marketplace for student loans, indicated that 32% of people filing for Chapter 7 bankruptcy had student loan debt, ...

Many student loan borrowers, carrying an average of $30,000 in federal-guaranteed and private student loans, have a hard time finding the income in th.

Filing for Chapter 7 Bankruptcy Once all your debts are confirmed, including your student loan, the trustee will liquidate all your non-exempt assets and use the proceeds to pay off as much of ...

But even if you qualify for Chapter 7, you'll still have to prove that you truly don't have the ability to pay back your student loans. Most bankruptcy courts use what's known as The Brunner Test ...

A Navy veteran will have $220,000 of his student loans discharged, even though he is not unemployable, not disabled or wasn’t defrauded. A U.S. bankruptcy judge in New York, Cecilia G. Morris ...

Student loans have such a reputation for sticking around after someone files for chapter 7 or chapter 13 bankruptcy that we just assume that it’s impossible to have your loans discharged if ...

Key takeaways. 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 ...