SSI BENEFITS ARE BEING GARNISHED FOR 30 YEAR STUDENT LOANS BY COLLECTION AGENCY THAT I CAN’T GET TO ANSWER THE PHONE OR RETURN A CALL –15%. THINKING ABOUT FILING CHAPTER 7 BK FOR HARDSHIP AS I’M RETIRED AND THIS IS HARDSHIP ON ME?
WILL A BK STOP THIS OUTRIGHT?
So it sounds like this issue has been brewing for some time. A wage garnishment does not happen overnight. You can stop the wage garnishment by following these directions.
Alternatively, you can go for a student loan rehabilitation which can stop the garnishment and bring the loan current so you can get on an income-driven repayment plan with minimal payments.
While you might be able to eventually have your loans eliminated in a Chapter 7 bankruptcy you would have to file an additional Adversary Proceeding, which can be very expensive. Even then, there is no guarantee the loans will be discharged.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
- Clay Advisors – Same Debt Consolidation Loan Mailer, Different Name - August 18, 2022
- City of Chicago Goes After Strategic Financial Solutions and Monarch Legal Group - August 18, 2022
- Refunds Sent to Students Deceived by Student Advocates’ Debt Relief Scam - August 18, 2022