Student Loan Debt

Millions of Americans have extensive student loan debt that is nowhere near getting close to being repaid. Some fear they will never be able to pay it off with current employment opportunities. That said, student loans still must be paid, regardless of circumstances.

Unfortunately, in almost every case, student loan debt is not dischargeable. This obviously presents serious issues for people who have taken out large five- and six-figure loans. That said, Chapter 13 bankruptcy allows for the reorganization of debt and the ability to pay off past-due loans over several years.

Know Your Rights. Contact William H. Oliver, Jr. & Associates for a free consultation.

Student loans may be dischargeable in rare circumstances. One must demonstrate that paying the loans creates an undue hardship meaning that there is no likelihood of earning income in the future and the amount earned does not allow for payment of the loans. In addition, one must show that he or she attempted to pay the loans in the past. While presenting this is challenging, we are ready to work with you to make the strongest possible case if it may be possible to discharge student loans.

A Chapter 7 for other debt and an income-based repayment plan can offer significant help.

Regardless of your circumstances it is important to understand what can and cannot be done about debts. Our attorney and team encourage you to schedule an initial consultation if you have any questions.

To schedule a free initial consultation with our Monmouth County bankruptcy lawyer, call toll free: 732-988-1500 or fill out our contact form. Hablamos español.

The law offices of William H. Oliver, Jr. & Associates is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.