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Am I Collection Proof From My Student Loan Debt? – Tony

“Dear Steve,

I filed Bankruptcy about a year and a half ago, unfortunately, my student loans didn’t get discharged. I knew going in they probably wouldn’t. I’m still not making a lot of money and am currently unemployed. I have 3 different student loans I’m attempting to pay off. I’m making small payments on 2 of them, however the third one (Key Bank) hasn’t contacted my in over 2 years, and now wants payments. I unfortunately had forgotten about them. I couldn’t find contact info for them.

My question is, since I don’t have really any assets (I don’t own a car, or property or anything like that), and I don’t have much income, how would I go about knowing if I am “collection proof” should they decide to sue me?


Dear Tony,

You might not have any assets for them to go after now, but odds are you will at some point in the future. This issue is not going to go away and they may even intercept your tax refund due, if any, and wait for you to become employed and garnish your wages.

Please post your responses and follow-up messages to me on this in the comments section below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

1 Comment

  • I know a lot of people who are short sighted and only think about the right now. It is important to look at the future and plan out your decisions both legally and financially.

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