Discharging Student Loans Just Got Easier The Biden Administration recently announced new guidance for the Department of Justice for handling Federal Student Loans in Bankruptcy. This guidance will likely make it easier for Debtors in bankruptcy to discharge federal student loans. Prior to this guidance being issued the guidelines for meeting the requirements to discharge […]
Certain categories of debt are never discharged in bankruptcy. Whether certain debts like taxes, student loans or fines are discharged depends on meeting specific requirements.
Are student loans consumer debt or non-consumer debt? How they are treated in bankruptcy can affect your ability to qualify for a Chapter 7 bankruptcy.
You may be able to qualify to file for Chapter 7 bankruptcy protection if your student loans are determined to be non-consumer debt. Your student loans my help you avoid the means test all together.
Some education debts can be discharged in bankruptcy without having to show undue hardship.
Student loans for ITT Technical Institute may be dischargeable if you meet certain requirements. You must have either been still enrolled at ITT when it closed on September 6, or had withdrawn from the school within 120 days before that date. The 120 day may be extended in certain circumstances.
The IRS can take your tax refund if you owe certain types of debts to the federal or state government. These include past due income taxes, student loans and child support.
California seniors are filing for bankruptcy in higher rates. What is driving the increase in seniors filing for bankruptcy in higher rates.
Before filing for bankruptcy senior citizens must consider what assets bankruptcy can protect and what debts it can help to eliminate.
A new 9th circuit decision on discharging student loans found that the district court erred in weighing the evidence instead of applying the “clearly erroneous” standard.
There are two types of debts that you may still owe even after filing bankruptcy. If a creditor does not object to certain debts they will be eliminated.
Many creditors or debt collectors state that you cannot eliminate a debt in bankruptcy. They need to have a basis to challenge the discharge of a debt.