Student Loans

Published on: December 21, 2015

St Louis Bankruptcy Lawyer: Is Every Debt I Owe Discharged In A Bankruptcy?

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

No, there are some debts that are described as “non-dischargeable”. These debts would include the following: back child support, back spousal support, most student loans, most tax debts, and any debts that you may have incurred fraudulently. But these are not hard and fast rules. Because the field of bankruptcy law, there are almost always loopholes. A brief description is provided below:

If you owe support payments (either in the form of child support of spousal support to your former husband or wife), then the general rule is that such debts cannot be knocked out by the Bankruptcy Court. This is a fundamental policy that the state of Missouri has determined. If you owe debts that take on the nature of support (as ordered by a state court), and you believe that you do not (or should not) have to make those payments, then the best option would be to discuss the matter with a family law specialist.

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Published on: July 29, 2015

St Louis Bankruptcy: Are There Any Debts That Cannot Be Discharged In A Bankruptcy?

By The Bankruptcy Company

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Yes, there a few debts that are described as non-dischargeable. In other words, they are considered to be debts that the court will not knock out. And the reason why the court will not get rid of them is because there is a certain law or public policy that prevents them from doing so.

For example, back child support cannot be discharged. So if you are in arrears to either the state or to the other parent directly, then you would still have to make arrangements to pay those debts if you file a St Louis Chapter 7 (or the arrearage would be paid back over a period of years in a St Louis Chapter 13).

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Published on: April 30, 2015

Will a St. Louis Bankruptcy Discharge My Student Loans?

By The Bankruptcy Company

Unfortunately, no. The current rules in the bankruptcy courts state that student loans (although unsecured debt) cannot be discharged. However, there are a few options that are available through the courts system to give you some relief.

ST LOUIS CHAPTER 7 BANKRUPTCY FEES START AT $675

Let’s say you have tens of thousands in student loans. Let’s further assume that each one of those lenders is wanting you to pay several hundred per month in a repayment plan. And after you take a look at your finances and budget, you realize very quickly that you cannot afford these payments at all. You have already gone through all the deferments that the government will allow, and the student loan companies are not willing to grant you a hardship to reduce the total amount owed.

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