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Student loans are rarely dischargeable in bankruptcy. They are among several types of debts that cannot be discharged in bankruptcy. Others are back child support and most taxes.
Although the general rule is that student loans are not among debts that can be discharged in bankruptcy, there are some exceptions. Typically, exceptions to this rule of thumb involve serious injuries or other compelling reasons for which the debtor cannot repay the student loans without "undue hardship." Unless a debtor suffered a catastrophic injury or otherwise could not work at all, it is usually unlikely that the bankruptcy will discharge student loans or other nondischargeable debts.
Since student loans are an irremovable part of a monthly budget, a debtor's stated monthly expenses will be higher accordingly.
To discuss with an experienced bankruptcy law attorney how to maximize the opportunity for debt relief that bankruptcy provides, even taking into account nondischargeable debts such as student loans, contact an experienced lawyer at Prescott & Pearson, P.A. Our years of experience helping Minnesotans find true debt relief has given us abundant examples of ways in which previous clients coped with factors such as student loans
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Are you struggling with unpaid tuition bills or excessive student loans along with other burdensome debts? Learn more your bankruptcy aspirations and your Minnesota student loans. Attorneys at Prescott & Pearson, P.A., welcome your inquiry. Call or email our bankruptcy lawyers today. We offer free initial consultations, quality services at competitive rates and effective representation throughout the Twin Cities and statewide.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.