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Student Loans & Bankruptcy

Graduation caps in the air
Student Loans Can student loans be eliminated in bankruptcy? Student (educational) loans are not dischargeable unless nondischargeability would impose “an undue hardship on the debtor and the debtor’s dependants.” 11 U.S.C. §523(a)(8). This provision was enacted by Congress in respons
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Credit Cards In Bankruptcy

Credit Cards and Bankruptcy
Credit Cards In Bankruptcy Must I identify all my credit cards in my bankruptcy schedules? A debtor must sign his or her bankruptcy schedules under penalty of perjury that all creditors are identified. That means that any third party creditor to whom the debtor owes money must be list
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How Long Will a Bankruptcy Filing Remain on My Credit Report?

Santa Barbara bankruptcy credit report
Bankruptcy &  Credit Report Questions How long will a bankruptcy filing remain on my credit report and when can I expect to receive new credit from a reputable commercial lender? A bankruptcy case filed under Chapter 7, 11 or 12 will remain on the debtor(s) credit report for 10 ye
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