Clearing Student Loan Debt With Bankruptcy
At Goering & Goering, LLC, our experienced bankruptcy attorneys are well aware of the rising costs of higher education and how a persistently tough job market has put many young, well-educated people in unworkable financial situations. If you are in default on student loans or are struggling each month to make these payments and keep up with other bills, you are certainly not alone. We have been helping clients with student loan debt for more than 60 years, and can effectively and efficiently help find a viable solution that gets you financially secure and give your peace of mind, knowing your financial issues are taken care of.
Will Bankruptcy Clear Student Loan Debt?
If you are considering filing for bankruptcy to clear your student loan debt, you need to consider the following:
- A Chapter 13 bankruptcy filing may enable you to essentially defer loans and pay only interest for a period of three to five years.
- Although filing Chapter 7 bankruptcy will not eliminate student loan debt, its effectiveness in discharging other debts such as credit card balances may free up the money you need to catch up and keep up.
- An array of federal student loan repayment plans may be available, enabling you to restructure loans and get terms you can manage.
In all but extreme cases involving serious medical problems or other hardship, it is currently not possible to discharge student loans in bankruptcy. However, the best step you can take if they are a problem for you is to meet with one of our student loan debt attorneys who will explain all your debt relief options.
Providing Trusted Counsel On Student Loan Debt
At Goering & Goering, LLC, we have been helping people deal effectively with all kinds of debt for more than 60 years. We stay on top of evolving consumer bankruptcy laws and the various debt relief and nonbankruptcy options available to clients facing all types of financial difficulty. You will get clear, reliable guidance from our firm. If you have questions about student loans, our bankruptcy lawyers stand ready to talk with you. We will be happy to provide a free consultation with no added pressure or any risk at all. Call Goering & Goering, LLC, at 513-838-2407 or fill out our online form to schedule a consultation with us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
