In 2001 I filed bankruptcy. I did not know I could file on my student loans (they were 10 years old). I am going through my second round with cancer and would like to get out from under this debt.
Is there any other way to eliminate student loans?
4 Comments Already
April 3rd, 2010 @3:32 am
the short answer is no, student loans that are government backed are not dischargeable, even under bankruptcy. The good news is that they can wait, and they can take what you owe them out of you tax returns annually. Just focus on getting well, $100K in student debt is not enough to stress you out right now, the government can wait to get their money until you are better, best wishes to you.
April 3rd, 2010 @4:13 am
You can’t discharge student loans through bankruptcy. However, if you are totally and permanently disabled and can not work, you can usually have them discharged that way. Contact your lender(s) to have them send you the paperwork. I did this for my husband when he got very sick and could not work any more.
April 3rd, 2010 @4:17 am
You can’t discharge student loan debt anymore. Your case is closed, so you can’t reopen it. You’d have to refile, and that wouldn’t do you any good, because it no longer applies.
If you’ve got federal loans, call up and ask for a hardship deferment. The feds are REALLY flexible about paying them off.
Typically not, Student loans are 1 of the few types of debt that does not get wipes away through bankruptcy. Though I have heard of longer then normal deferment for “special” circumstances. You will have to talk to a rep from whoever your loan is with.