Are Student Loans Discharged in Bankruptcy? Morristown Bankruptcy Attorney Finds the Best Debt Relief for Your Situation
Filing for bankruptcy in New Jersey does not wipe away all types of debt. Most family-related debts, including past due child support or alimony payments, are examples of New Jersey non-dischargeable debts in a Chapter 7 or Chapter 13 bankruptcy case. Other debts typically not dischargeable in a New Jersey bankruptcy include student loans as well as credit card debt made without having the intention or ability to pay back the charges. Watch this video to learn what bankruptcy can and cannot do for debts.
However, many types of debt in bankruptcy can be discharged. Even some family-related, marital property debts and student loans that cause extreme hardship may qualify for bankruptcy discharge. Our Morristown bankruptcy attorney can work with you to find a deft relief plan to get your finances back under control. Even if some debt types cannot be discharged by filing bankruptcy, bankruptcy can may still be an option to help discharge other debts, qualify you for a loan workouts in addition to freeing up money to repay your student loans and family support payments. Learn how our Morristown bankruptcy attorney can help you with overwhelming debt. Get a free review of your bankruptcy case for an honest assessment today.
Some debts cannot be discharged in a bankruptcy.
Source: U.S. Courts