can you file bankruptcy on student loans? i owe about 10,000!!!
2007-09-18 03:51:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
No. Student loans will follow you to your grave. Bankrupcy wont help you out with them. Eventually they can even begin to dock the money straight out of your paycheck. I know this because they just recently started taking money out of my brothers paycheck for not repaying his student loans.
2007-09-18 04:02:20 · answer #1 · answered by Tammy G 2 · 0⤊ 0⤋
Nope. Student loans aren't forgiven in bankruptcy EVER. It's the law.
2007-09-18 03:58:42 · answer #2 · answered by miketorse 5 · 1⤊ 0⤋
Nope.
Even bankruptcy will not make student loans go away.
2007-09-18 05:20:54 · answer #3 · answered by ? 7 · 0⤊ 0⤋
No you can not. You will actually default on your loan. What you want to do is to tell the loan originator that you wish to have the loan payment put on hold or deffered as you are now in financial hardship. If you can prove them that you are in financial hardship, they will usually give you up to one year of non payment to have your financial setting straighten up and then you will have to start pay the loan again.
2007-09-18 04:00:45 · answer #4 · answered by Lord_Benjew 2 · 0⤊ 0⤋
No, bankrupcy does not forgive student loans. Pay it off.
2007-09-18 04:14:37 · answer #5 · answered by Judy 7 · 0⤊ 0⤋