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 ...

However, not all unsecured debts can be discharged under Chapter 7. "Taxes, student loans, and child support obligations are generally not dischargeable in bankruptcy," Mortenson says. When it ...

According to studentaid.gov, proving undue hardship requires the bankruptcy court to recognize one of the following situations: That repaying your student loans would prevent you from maintaining ...

Filing for bankruptcy can provide serious relief from your mounting debt, but there are a few things to know first.

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 ...

"It may be difficult to qualify for a loan after filing Chapter 7, especially if the bankruptcy was recent," Griffin says. Whether you qualify will likely depend on several factors, such as ...

Bankruptcy is one of those topics that nobody wants to become an expert in, but sometimes you have no choice. The good news is that compared to 2021, there have been fewer bankruptcies in the U.S ...

In a Chapter 7 bankruptcy, the court will decide which of your assets to sell in order to repay your creditors. Any remaining debt will be discharged, except for student loans, child support ...