Typically, student loans are not dischargeable in bankruptcy. In rare circumstances, a hardship exception is made, but you shouldn't count on this. Instead, filing bankruptcy for your other debts may be a good option. By reducing your overall debt, you may be better able to pay back student loan debt.
If you are overwhelmed by student loan payments, come to Woodall & Woodall. Our attorneys understand the burden of student loans from undergraduate and graduate school. We want to find a way to help you get out from under debt and move on with your life. Please speak with one of our lawyers today to discuss your student loans.
Whether you are living in Valdosta or another part of southern Georgia, our attorneys are here to help you. We represent clients in surrounding areas, including Albany and Thomasville. If you need legal help with your student loan debt, call us.
As part of the automatic stay, creditors are not permitted to collect on any loans while a bankruptcy is in progress. We can file a low-percentage Chapter 13 bankruptcy so the student loan collectors cannot try to collect for five years. While the student debt remains, it is possible that in five years, you will be in a better financial situation and can make payments.
If you do not qualify for a Chapter 13 bankruptcy, filing Chapter 7 may help. This bankruptcy typically takes only three or four months, but it can reduce your other debt, which may allow you to pay the student loans.
Please call our Valdosta law office at 229-247-1211 for a free consultation. You can also complete the online contact form if you prefer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.