Are there any ways to include student loans on a bankruptcy judgment?

Yeah, I know the law changed recently, but are there any execptions to the law that made it harder to include school loans on a bankruptcy? What if the person filing bankruptcy either has a disability or has a low income? What type of strategies exist for having school loans included on a bankruptcy? Thanks

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5 Comments at "Are there any ways to include student loans on a bankruptcy judgment?"

BigD January 6th, 2010 (#)

No

student loans are not dischargeable, still

hichefheidi January 6th, 2010 (#)

They were never allowed in bankruptcy 10 years ago, and I know the laws have changed, but they have become MORE stringent, not less. You will have to pay them. But look at it this way, they can’t repo your brain. :)

mmayhem January 6th, 2010 (#)

I’m not sure of all the exact details but if your loans are 11 yrs or older…they can be included in bankruptcy.

johnjuan365 January 6th, 2010 (#)

student loan peeps will dismiss your loan if your are declared fully disabled by a Doc. you should call your loan peeps and ask for the info which you seek. They aren’t going to lie!!!They can find you anywhere you go!!! The phone peeps don’t care if you pay your loan back, they’ re just worken, so if you qualify as disabled, your just one less person they call or send bills to asking to get paid.

ft3535 January 6th, 2010 (#)

at one time there were allowed, but the attorney had to word it just right and everyone had to approve of it….but several years ago approximately 10 years ago the government and the financial people figured out that a lot of students were using bankruptcy to get out of paying their student loans..a lot are either government money or insured by some type of government loan..so the government said we need to put a stop to this, and I believe they did just that…
so at this time I say the answer to your question is no..
sorry…but no..hey I am still paying for mine….I just wish they would cut the interest way way down…
but I would ask a really good attorney this one before you make any decisions…

good luck