Can I Eliminate My Student Loans by Filing for Bankruptcy?

Probably not, unless you are able to show extreme hardship. 

Generally, student loans may not be discharged under either Chapter 7 or Chapter 13, unless the loans weren't "insured or guaranteed by a governmental unit" or "made under any program funded in whole or in part by a governmental unit or nonprofit institution."  What this means is that the vast majority of student loans will not be discharged by a bankruptcy filing. 

Only where the student loan was from a strictly “for-profit” education program lender, or if you can show that paying back the loan would impose an “undue hardship” upon you, can the loans be discharged.  Showing "undue hardship" is a very difficult standard and is rarely met.

I welcome your questions and will be happy to provide you with a free initial consultation.  Just give me a call or send a fax or e-mail:

Robert J. Doig
Attorney at Law
SpringsBKLaw.com
624 South Cascade Avenue
Colorado Springs, CO 80903
719 302-4252  Office
719 466-2182  Fax
Info@SpringsBKLaw.com

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.