“Dear Steve,
I will never be able to pay my sallie mae student loan because of hardship. I am a single mother of two living check to check. I want to see how I can have my student loan discharged? Can I file bankruptcy myself?
Nancy”
The Answer:
Dear Nancy,
It is very difficult to get student loans discharged with bankruptcy. Generally consumers file either a Chapter 7 or Chapter 13 bankruptcy but discharging student loans in bankruptcy due to hardship requires a Chapter 11 bankruptcy. Not for the faint of heart or inexperienced.
So the answer is that it might be possible to eliminate your student loans with a special bankruptcy but it will require special and experienced assistance if you’ve got a shot at it.
Please read this previous question about discharging your student loans with bankruptcy – “I Can’t Pay Sallie Mae – Carlos.”
If you don’t have a local bankruptcy attorney to go to and discuss this with, click here for a free bankruptcy consultation.
