Student Loan Debt

Student Loans in Bankruptcy

At the Hedtke Law Firm, we help individuals, businesses and families navigate through and assess debt resolution options. One of today’s most pervasive financial concerns is student loan debt, especially after years of a faltering economy that has been slow to rebound.

As a result, we are commonly asked whether student loan debt is dischargeable in bankruptcy. While the answer is usually “no,” there are some exceptions to the general rule, as well as options to make student loan repayment more manageable.

To discuss student loans in bankruptcy, please contact the Hedtke Law Firm at 760 482-1737 today for a free initial consultation.

Does Bankruptcy Clear Student Loan Debt?

Similar to child support and alimony payments, student loan debt is not normally considered dischargeable in bankruptcy. However, if after filing for Chapter 7 or Chapter 13 bankruptcy, a person is able to demonstrate specific “undue hardship” in repayment of the loans, the bankruptcy court judge may make an exception to partially or fully discharge the debt. Generally speaking, in order to show such a hardship, a person must have a long-term mental, physical or medical disability that prevents obtaining adequate income for repayment. These exceptions are rarely made, but are less difficult to obtain if the student loan company doesn’t challenge your claim of hardship.

Please call the Hedtke Law Firm to schedule a free initial consultation with a lawyer to find out about whether your student loan debts may be dischargeable in bankruptcyat 760 482-1737.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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