Archive for the ‘Student Loans’ Category

Student Loans: No Discharge in Bankruptcy UNLESS You First Attempt Administrative Options

In filing for bankruptcy protection, the consumer cannot expect that student loans will be discharged along with normal consumer debt, like credit cards.  The reason is that the Bankruptcy Code, under 11 U.S.C. § 523 (a)(8) states that student loans are nondischargeable, unless the consumer is able to bring a separate lawsuit and show, in […]