Does Filing For Bankruptcy Help Me In Any Way with Student Loans?
In most cases…no. But there are rare cases where we put the student loans in a 100% repayment plan in a Chapter 13. But that only works if the amount is affordable and the debtor does not have a large amount of other unsecured debts like credit cards and medical bills. Once we put the student loans in a Chapter 13 repayment plan, we are obligated under the Bankruptcy Laws to put 100% of all other unsecured debts in that plan as well. So in many cases, it does not pay to do this type of Chapter 13. In rare cases, it does.
Lee Abt is an Experienced Bankruptcy Lawyer in New Jersey - Call Today!
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