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Category Archives: Student Loans

Reorganizing Payments on Student Loans in Chapter 13

Reorganizing Payments on Student Loans in Chapter 13

USING CHAPTER 13 BANKRUPTCY TO REORGANIZE PAYMENTS ON STUDENT LOANS Under the United States Bankruptcy Code Section 523(a)(8), student loans are generally non-dischargeable in a bankruptcy. Since there is no dischargeability it is important to find a method to deal with the servicing of the debt. ¬†Chapter 13 bankruptcy can be a good vehicle for… Continue Reading

Hardship Discharge of Student Loans

Hardship Discharge of Student Loans

BANKRUPTCY AND STUDENT LOANS Under the United States Bankruptcy Code Section 523(a)(8), student loans are generally non-dischargeable in a bankruptcy.¬† The exception to non-dischargeability of the defined student loans under the Code arises where the exception from discharge would impose an undue hardship on the Debtor or the Debtor’s dependents. The Bankruptcy Code does not… Continue Reading