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4:18 am
January 14, 2010
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QuoteHi,
From what you are saying bankruptcy is an option for you, regarding obtaining student loans after going bankrupt that will depend on a few things.
Once the bankruptcy is over it will have an impact on your credit history and depending on the type of loans you are looking to get it can be an issue.
Also, until the bankruptcy has been discharged you would not be able to obtain any credit anyway.
It will also depend on the company or government body granting the loans and their criteria for granting the loan.
You may want to inquire with who you would be applying to for the student loan to see what their criteria or rules are in granting loans.
I hope this helps.
Jon
4:23 pm
I'm going to give you the short version: I owe a massive company money in the range of 15-100 thousand dollars (t be determined) for a mistake I made. There's a guy knocking at my door with a subpoena and I would take it if I had any clue what to do if the court makes me pay up. I'm 21, working part time, renting an apartment, and trying to go back to school in the fall. I couldn't scrape together 1 grand, let alone 15 or more.
I'm wondering if I can apply for a student loan if I declare bankruptcy. I don't have any financial resources like a line of credit to help me pay for school or the legal fine and my parents have nothing to contribute.
what are my options?
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