Student Loan Debt

Handling Student Loans In Bankruptcy

Federal and private student loans are extremely common. People take these loans out to get through college or graduate school, law school or medical school, hoping they will find a career in their field and be able to pay off their loans quickly. Due to the sheer size of these loans, even those who do find a job soon after graduating may struggle to pay off student loans while handling other financial obligations.

We Can Help You Address Your Student Loan Debt

If you select us, Marrs & Terry, PLLC, to help you overcome your debt problems, you can count on us to provide honest feedback about your options after carefully reviewing your situation. While student loans are rarely dischargeable through bankruptcy, that does not mean that you cannot benefit from filing bankruptcy. Debt relief may still be possible. Contact our law firm online or call 734-663-0555.

How To Overcome Student Loan Debt

While student loans are considered unsecured debt, they are not treated the same as other debts of this type. Generally speaking, private and federal student loans are not dischargeable in either Chapter 7 or Chapter 13 bankruptcy. However, there are certain situations in which these loans can be discharged. Our experienced attorneys can examine your situation to determine if this is a possibility in your case.

Even if student loans are not dischargeable, your other debt may be. By eliminating other debt, such as credit card debt or other unsecured debt, you may be able to free up income that you can use to pay off your student loan debt. We take care to review all options.

You Are Not Alone. Contact Us For Help In Debt Relief.

If you would like to learn more about how you may be able to address student loan debt, contact us online or call 734-663-0555 to discuss your situation with our experienced Ann Arbor student loans in bankruptcy attorneys. We bring more than 18 years of experience to every case and we offer in-home appointments upon request.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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