Student Loan Bankruptcy Discharge

Dan Guenther

The student loan crisis has spiralled into a more than $5 trillion problem for more than 44 million Americans, becoming one of the biggest consumer debt categories.

If you have outstanding student loan debt that you’re having difficulty repaying, here is an article on student loan bankruptcy discharge that you should read. It was originally authored by Julie Jason at the Ventura County Star.

Student Loan Bankruptcy Discharge is difficult, but it can be an option. Discharging student loan debt in bankruptcy can be an option in either a Chapter 7 or Chapter 13 personal bankruptcy. You will need an experienced bankruptcy attorney to guide you through this process.

student loan bankruptcy discharge
In Jason’s article, Boston attorney Adam Minsky stated that student loan bankruptcy discharge ”… is difficult, but not impossible…Borrowers must show that an ‘undue hardship’ prevents them from repaying their loans.”

Unfortunately, ‘undue hardship’ has not been specifically defined in the U.S. Bankruptcy Code. Instead the term was outlined in a New York state court case as a 3-part test of eligibility.

Less than half of those who apply for ‘undue hardship’ are actually granted it by a judge.

The larger issue, however, is that student loan bankruptcy discharge is rare because not enough borrowers file for it. The process may be difficult, but if you don’t pursue it, you can’t succeed. Just like the lottery, you gotta play to win!

Discharging a student loan through bankruptcy is not for amateurs filing a form found somewhere online.

But don’t try to go it alone. Discharging a student loan through bankruptcy is not for amateurs filing a form found somewhere online. If you want the best chance of eradicating your student loan debt, hire a professional.

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Call today to see if you quality for chapter 7 personal bankruptcy.
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Law offices of Dan Guenther
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If you or a loved one is facing economic and financial hardships, contact Maryland Chapter 7 and 13 bankruptcy attorney, Daniel J. Guenther, (301) 475-3106. With over 42 years of experience, The Law Offices of Daniel J. Guenther can help you determine if filing for bankruptcy is the right step for you. We have office hours at both our Leonardtown and Waldorf offices.

Nothing on this website is intended to be legal advice. Contact me for legal advice. Our past success is no guarantee of your success.

Student Loan Bankruptcy Discharge

Dan Guenther

About the Author

Mr. Guenther’s experience as a bankruptcy attorney is extensive. His representation includes individual, joint, and business bankruptcies. (Chapters 7, 11 and 13). Currently, he is counsel of record in over 150 bankruptcy cases presently pending in the U.S. Bankruptcy Court for the District of Maryland.

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Call today to see if you quality for chapter 7 personal bankruptcy. You can have a fresh start.

(301) 475-3106

Law Offices of Daniel J. Guenther

Bankruptcy Lawyer

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