The reality of a monthly student loan bill can be the harsh price of education. Your current income may not meet the expectations you had in college. And a challenging job market doesn’t help. If student loans are adding to your predicament, bankruptcy may allow you to reorganize your debt.
Dr. Arash Zarrin Bakhsh attorney can help you understand your dischargeable and nondischargeable debt. We will evaluate the terms of any potential bankruptcy and identify burdens that may be lifted.
The federal government goes to great lengths to protect lenders for higher education. This debt is considered nondischargeable and is not likely to be forgiven. A bankruptcy may help you devote more income towards this obligation. But despite the hardship, it is very rare to be released from student loan debt.
There are just a few options available to better handle student loan payments.
Contact us or call (310) 597-1330. Our attorneys can explain your obligations after a bankruptcy and how specific debts will be affected.