Can I Discharge My Student Loans in Bankruptcy?
The cost of higher education is increasing rapidly. Many people come out of college, graduate school or other higher education programs deeply in debt. Even with the higher pay that can come with higher education, it is increasingly difficult for graduates to stay in good standing with their lenders.
At Walton Legal Services, we have helped many graduates deal with the problem of student loans in bankruptcy. Our Indiana debt-relief attorneys will work with you to come with a workable solution to your debt problems and help you find the road to financial freedom.
Walton Legal Services: More than 30 years | More than 30,000 bankruptcies filed
Serious Debt Can Happen to Anyone | Get the Help You Need
We will meet with you at your free initial consultation and look at some of the options available to you, including:
- Loan consolidation: The federal government offers very good loan consolidation programs, including an income contingent repayment plan. Your monthly payments will be based off your income, and after 30 years, whatever debt remains on that plan will be discharged.
- Chapter 13 bankruptcy: As a repayment/debt reorganization plan, Chapter 13 bankruptcy can be used to cure back payments on student loans. Debtors come out of Chapter 13 current on their payments.
- Chapter 7 bankruptcy: Even though student debts are not dischargeable as such through a Chapter 7, this form of bankruptcy could help you discharge many of your other debts. Eliminating these other debts could open up the ability to keep up with school loan payments.
If you are looking for an Indianapolis debt-relief lawyer to help you find the road to financial freedom, call one of our Indianapolis law offices, call our Columbus, Indiana, office or contact us online. We offer free initial consultations, and we give you detailed up-front information about our fee arrangements, so there will be no surprises.
Do not be embarrassed if you need debt-relief help and do not be afraid to contact a debt-relief attorney who can help you. Serious debt can happen to anyone, especially when you add the enormous costs of higher education to the other expenses of life. Let us help you find the road to financial freedom.
