Student Debts and Bankruptcy Attorneys
It makes sense that one of the most frequently asked questions we hear is about discharging student loan debts through bankruptcy. After the cost of a home, debts incurred for undergraduate and professional degrees are the most substantial expenses that most people sustain in their lives. Although generally school debts cannot be discharged through a Chapter 7 bankruptcy, there are other options available to you to help with the cost.
At Sobti Law Group, we are not a late night TV ad for debt consolidation, we are a law firm that helps our Orange, Corona and Beaumont clients find solutions for unmanageable debts. If you are buried in debt, unable to pay what you owe every month and unable to find any way out of this cycle of debt, contact us for a free initial consultation.
Options for School Loan Debt Relief and Debt Management
There are a few bankruptcy options that, if you qualify, can help you with your student debts.
- Discharged through bankruptcy: Although school debt discharge through bankruptcy is generally considered impossible, it is not. But it is difficult, requiring a showing of undue hardship, meaning you would not be able to maintain a bare minimum standard of living and pay off your school debts.
- Consolidated in Chapter 13: Chapter 13 bankruptcy helps debtors reorganize their debt in a way that is manageable and realistic for them. School loans are considered during the Chapter 13 bankruptcy process, and in many cases, you can find a way to consolidate school loans with this process so that you can manage them more effectively.
- Loan modification: Many lenders are willing to work with their debtors to come up with more flexible repayment plans.
There are many options available to you if you are struggling to repay your school loans. Our lawyers have worked with many people to help them find solutions to their excessive debts, and we can help you. Contact us for more information.
Contact California Bankruptcy Lawyers ∙ Serving all of Orange, San Bernardino, and Riverside Counties ∙ Free Consultation
We can talk with you about your debt and help you find lasting solutions that will give you a fresh start on your life. Either call 888-627-8013 or contact us online for a free initial consultation.
