Student Debt: Is Bankruptcy The Answer?
Posted by | Posted in Credit Repair | Posted on 10-08-2010
Do you see no end in sight for paying off your student loan debt? Are you thinking about bankruptcy but have heard qualifying is difficult? How do you know if bankruptcy is right for you or if possible another option is better?
Who Can Discharge Student Loans in Bankruptcy Discharging student loan debt is not easy. You would have to prove undue hardship which means that you or your dependent have a condition which prevents you from working. Not being able to afford your payments is not an acceptable reason.
Alternatives Just because you don’t qualify for your student loan debt to be eliminated by the court, it doesn’t mean you’re out of options. You should consider debt settlement or debt consolidation. Talk to an experience debt relief attorney today for a free consultation about your debt and find out your options.
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