Kentucky Student Loan Help
If you’re looking for Kentucky Student Loan help, you are in the right place. Nick Thompson presented the webinar and contributed to the King Publications book used by lawyers to battle student loans. In fact, Nick was able to obtain a discharge of his student loans using his system. In our law practice, we meet many […]
How to Discharge Student Loans in Bankruptcy • Video
Protections for student loans limiting your ability to discharge student loans in bankruptcy have increased since 1978. Originally you could discharge all student loans until the following events occurred: An amendment in 1978 made student loans dischargeable in bankruptcy after five years of repayment. In 1990 bankruptcy discharges for student loans went to 7 years. […]
Student Loans in Bankruptcy – Hardship Discharge • Video
In the 2010 case of Espinosa, the Supreme Court decided perfect notice to a student loan lender was not necessary. In some cases, a student loan can be hardship discharged in bankruptcy without first determining undue hardship in an adversary proceeding. An adversary proceeding is a separate lawsuit filed in your bankruptcy case. These adversary proceedings give the […]
History of Student Loans in Bankruptcy
Until 2005, students could freely file bankruptcy and discharge private student loans. Additionally, prior to 1998 student loans could go into bankruptcy 7 years after they became due. However, since 2005, the bankruptcy options on student loans are cut down to discharging the debts only if they meet the qualifications for a hardship discharge. There […]
Discharge Private Student Loans in Bankruptcy • Video
Interestingly, the average debt among college students in 2020 is up to $30,062. This is nearly $6,000 more than students graduating in 2009. Bankruptcy hardship discharges are hard to get but not impossible for student loans. In fact, private student loans are more often dischargeable than income-contingent and federal student loans. The 2010 student loan […]
Student Loans in Chapter 13 Bankruptcy • Video
Student loans are generally not dischargeable unless the court grants you a hardship discharge. In Chapter 13 the debt may be challenged as fraudulent or otherwise being unenforceable. Student loans are not enforceable when the school closes prior to the student completing his education or if the debtor didn’t qualify for the loan or school. Student […]
