Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
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?
8 Answers
- KiniLv 71 decade agoFavorite Answer
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.
Source(s): ACS Dept. of Ed. - Anonymous7 years ago
At this site you can find solutions from different companies: HTTP://HELP.LOANSVAULT.NET
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?
- falsi fiableLv 71 decade ago
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.
- How do you think about the answers? You can sign in to vote the answer.
- mccuistionLv 44 years ago
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.
- 1 decade ago
Hello Dear,
I saw your question and I decided to inform you on how i got my loan credit from Ultimate Lenders. I am Mrs. Rose Smart, six months ago my only son took ill, he was
diagnosed of a heart disease, i was told by the insurance company, that
my insurance won't cover my sons medical care.
As a mother, i was devastated, owing to the fact that i just lost
my husband a few years ago, so i started looking for money, because my
job was not paying enough to cover my son's bill, i looked for help from
family and friends but there was non coming, i went to the bank and
was told that, they could not grant me a loan, because i had no
collateral.
Finally, just as i gave up hope on lenders on the Net because of
scams, i met a lady chaitu from China who told me of Mr. Frank Smith, i
tried him and he gave a loan for $80,000usd, today my baby boy is doing
well, i am not telling you this for you to feel sorry for me, rather i
am telling you so that you can help me thank him and if you are ever in
need of a loan you can contact him via e-mail:ultimate.lenders@yahoo.com
Thanks for reading my testimony, and God bless all the good people.
Best regards,
Mrs. Rose