W. Travis Garrison Commercial Law Blog on Lawyers.com

Can student loans be eliminated by filing bankruptcy?

Friday, April 9, 2010 by W. Travis Garrison

Photo of W. Travis Garrison

Cupps & Garrison: Ohio bankruptcy attorneys

Can student loans be eliminated by filing bankruptcy?

Typically, your student loans are not dischargeable, which means that you will have to keep repaying your student loans even after your bankruptcy case.  However, your student loans can be discharged if repaying them will create an undue hardship on you and your dependents.

Proving undue hardship is a very difficult burden to meet.  It requires showing that you cannot maintain a minimal standard of living if you have to repay your student loans and that such circumstances will likely persist for the foreseeable future.  Generally, this will require presenting testimony and other evidence about your financial situation to the Bankruptcy Court at a hearing in Columbus, Ohio.

Cupps & Garrison, Columbus bankruptcy attorneys, have experience dealing with student loans in both Chapter 7 and Chapter 13 bankruptcy cases in Ohio and can help you to determine whether filing bankruptcy is the right choice for you.  If you have outstanding student loans, consult an experienced bankruptcy attorney in Ohio to discuss your options.

Cupps & Garrison
35 East Gay Street, Suite 402
Columbus, OH 43215
Phone: 614-441-8603

 
Posted at 22:19 PM
Topic: Commercial Law
Lawyers.com Blog

Lawyers.comSM Blog

Get an inside view of
Lawyers.com

Blog Topics

Bloggers

Archives

Recent...