Posts tagged "student loan"

Can I get rid of Private Student Loans in Bankruptcy?

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News | by — October 29, 2013

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Can I ever eliminate Private Student Loans in a Bankruptcy? The short answer is that it is not likely, but you can, with the right facts.  In 2005 the U.S. bankruptcy laws were changed.  Among the many changes, private student loans were given protected status, making them generally non-dischargeable in a bankruptcy proceeding. It is […]

How did Obama change student loan repayment?

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News | by — July 4, 2012

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How did Obama change student loan repayment? The Obama student loan reform (The Healthcare and Education Reconciliation Act of 2010) made a variety of changes for future borrowers. The act did not affect those who already have student loans and are no longer borrowing more funds. The act purports to stabilize funding and increase the […]

What are my options if I’ve defaulted on my student loans?

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News | by — July 4, 2012

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The most recent statistics from the department of education (from the 2009 fiscal year) indicate that student loan default-rates continue to increase. Although they haven’t reached their all time high of 22.4 percent in 1989, more and more borrowers find themselves unable to pay back their student loans, 8.8 percent in 2009. What are the […]

Are my student loans dischargeable in a bankruptcy?

Are my student loans dischargeable in a bankruptcy? Discharge of student loans is only allowed if the debt would impose undue hardship on the debtor.[i]  Under the statute, “undue hardship” is not defined. Multiple courts (including the Ninth Circuit) have adopted a three part analysis for whether or not the student loans create an undue […]