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Some student loan lawyers might offer a free consultation. If so, take advantage of it. An attorney can go over your options and let you know if bankruptcy is a viable option for your situation.
About 14,000 borrowers were still responsible for spousal debt even after divorce as a result of joint loan consolidation, according to an NPR investigation. But last year, Congress passed the ...
Indeed, the National Consumer Law Center noted that student loans are dischargeable in bankruptcy only because of undue hardship, and current bankruptcy court practice has made “such discharges ...
As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [64] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.
More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say Ayelet Sheffey October 28, 2024 at 7:59 AM
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
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