Student Loan Debt and Bankruptcy
The yearly volume of new student loans has reached 100 Billion dollars. The level of lending is increasing rapidly. Student loan debt cannot be discharged in bankruptcy, except where the Debtor is extremely disabled. You largely have to be unable to work at any job. Unless your are deathly and chronically ill, you cannot get rid of these loans. The standard is “undue hardship” which is an extremely difficult thing to prove as again, it means proving you are unable to work in any sort of job. For Americans, the problem is reaching crises proportions. There are some programs which can help people overwhelmed with student loan debt, call the firm at 303.670.4242 for more information.
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