Student Debt Discharge Lawyers Florida
Bankruptcy is meant to give people a fresh start if they have gotten too far in debt to get out. But student loans have been non-dischargable, that is, even if you declare bankruptcy, these loans are still owed.
It may seem unfair. After all, gambling debts owed to a casino can be eligible for debt discharge. But a well-meaning individual who tried to improve him or herself is stuck, even though he cannot find a job.
Recent proposed legislation in Congress may change this. Contact our firm for the latest law and guidance with your bankruptcy.
The reasons for non-dischargability are not clear. If it were easy to get out of student loans, it would be much more common, and loan-guarantee programs might no longer be feasible. But even private loans are treated the same as government-guaranteed loans.
Undue Hardship
In rare circumstances involving "undue hardship," student loans are discharged in bankruptcy. Generally, you must prove that if you were forced to repay your loans, you could not maintain a minimal standard of living, that this would not just be short-term, and that you made good-faith efforts to pay.
An example would be someone severely injured, preventing them from performing in a job that would pay enough. If you think you may face this situation, and for the most current information on bankruptcy and publicly guaranteed or private loans, contact a lawyer at Gregory & Clark, PLLC.
We are a modern law firm offering skill, attentiveness, and rigorous attention to detail. We respect our clients, and offer extensive personal care and sound insight. Call (321) 282-1055 to arrange a confidential, no-cost, no-obligation attorney consultation convenient to you.
