After four years of college, part time at a two year college, I still do not have my degree, I have gotten a divorce, and ended up having to file bankruptcy because of some things my ex-husband done right before our divorce was final. My lawyer advised me that Federal Student Loans cannot be included in a bankruptcy; however, I am curious to know if that includes student loans that have been consolidated through an organization such as EdFinancial. Does anyone have any knowledge about this issue?
?2009-11-17T07:55:21Z
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A consolidated student loan is still a student loan and a debt that you cannot include in bankruptcy. Just because you consolidated several loans does not make them disappear. The debt servicer changes now and then, but the guarantor you borrowed from is still the Dept. of Education.
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RE Student Loans & Bankruptcy?
After four years of college, part time at a two year college, I still do not have my degree, I have gotten a divorce, and ended up having to file bankruptcy because of some things my ex-husband done right before our divorce was final. My lawyer advised me that Federal Student Loans cannot be included in a bankruptcy; however, I am curious to know if that includes student loans that have been consolidated through an organization such as EdFinancial. Does anyone have any knowledge about this issue?
Doesn't matter. Federal Student Loans cannot be discharged through bankruptcy. I suppose you might get lucky if the loan consolidator is asleep at the switch. However, they are likely to protest and you won't get away with it.
I doubt this might honestly artwork. i'm no longer a criminal expert with understanding in international or financial disaster regulation, in spite of the undeniable fact that, this in all danger won't artwork. first of all, you won't be able to discharge student loans in a financial disaster interior of us of a. in spite of while you're eligible for government information, that is seized to pay the debt. Are you a Canadian citizen? while you're, then you definately would stay away from paying the debt via shifting back to Canada. in any different case, this shall no longer artwork. regrettably, the student loans rules have been written against the debtors. The creditors have each and every of the capacity and benefit.