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Bankruptcy Attorneys Report Major Problems Brewing for Holders of Student Loan Debt

The National Association of Consumer Bankruptcy Attorneys conducted a survey of its members. Of the 860 bankruptcy attorneys that participated in the survey, 81 percent said potential clients with student loan debt have increased “significantly” or “somewhat” in the last three-four years. Nearly two out of five of bankruptcy attorneys (39 percent) have seen potential … Read more

Can I bankrupt the judgement on my student loan that was obtained prior to the 2005 student law changes?

I got a student loan in 1996. I failed out of my school shortly thereafter, but quickly transferred to a new school and continued my education. I was then re-accepted back into the first school and failed out again, finishing my degree in the second school. So, I got my degree, and it was a … Read more

I Owe $100,000 in Student Loan Debt And Might Have to Leave the U.S. My H-1B is Expiring. – Venkat

“Dear Steve, I have been in US from 2002, I have been working full time from 2004. I have been working on my part time MBA from a Top business school from 2008. I am on currently on a H-1B visa now. The green card is no where in sight. I have minimum credit card … Read more

Was My Wells Fargo Private Student Loan Really Discharged in My Bankruptcy? – Linda

“Dear Steve, In 2007, I filed Ch 7 bankruptcy and I was told my private student loan w/ Wells Fargo was not discharged. Move ahead to Sept 2009. I was served papers from a local debt collection lawyer in CO about collecting this debt. I negotiated a settlement and am awaiting to see the final … Read more

Can I Eliminate and Discharge My Student Loans With Bankruptcy? – Matt

Matt “Dear Steve, In April of 2004 I graduated from college with an associates in applied business. Quickly upon graduation i was startled at what i was expected to pay per month for my recent, what I thought was self improving, endeavor. Stuck with the inability to repay these student loans, I really have no … Read more