Filing for bankruptcy does not automatically mean that your student loans will be discharged – you must prove to the bankruptcy court that repaying your loans will cause you or your dependents “undue hardship.” After filing Chapter 7 or Chapter 13 bankruptcy, this will be determined in an adversary proceeding in bankruptcy court. This means that your creditors may be present to challenge your assertion of undue hardship.
Showing posts with label Filing for bankruptcy does not automatically mean that. Show all posts
Showing posts with label Filing for bankruptcy does not automatically mean that. Show all posts
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The eligibility requirements are as follows:
The eligibility requirements are as follows: Borrowed after 1998: To be eligible for this program, you must not have had a balance on a ...
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Your school closes while you are enrolled, and you did not complete the program due to the closure of the school. (An approved leave of a...
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False Certification of Student Eligibility or Unauthorized Payment Discharge If you meet one of the following four qualifications, your l...
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The eligibility requirements are as follows: Borrowed after 1998: To be eligible for this program, you must not have had a balance on a ...