Can people claim bankruptcy to get out of paying student loans back?

Can people claim bankruptcy to get out of paying student loans back?
by

1 Answer

Answer :

The short answer is maybe. It will depend on what kind of bankruptcy you claim. New bankruptcy laws make it harder to get rid of the principle loan but will forgive the interest, late payments, and so on. Chapter 7 or 13 or 11? It can get very confusing.
by

Related questions

Does anyone know a good company to consolidate student loans?

Description : Does anyone know a good company to consolidate student loans?

Last Answer : Welcome to the real world! you think it’s bad now . . . wait till you get to form a family with kids. . . . you’ll need all the training and disciplne you can learn at this time. Check out www.SallieMae.com

Does it matter which lender I choose for my federal student loans?

Description : Does it matter which lender I choose for my federal student loans?

Last Answer : The differences have to do with the fine points of repayment. Check out this article to see if any of these apply to one or the other. Also, Fifth Third bank has had some problems with government auditors. Good luck, PnL!

Best interest rate for private student loans?

Description : Best interest rate for private student loans?

Last Answer : citibank mine seem to be really low what is your current rate?

Can I "sell" my student loans to another company?

Description : Can I "sell" my student loans to another company?

Last Answer : I'm actually sort of in the same position. From what I've been able to tell, there aren't many, if any loan companies that will consolidate all your loans and put off repayment. You may have to ... so hardly any US lenders wanted to deal with me other than Sallie Mae (but they're super corrupt).

Any advice when looking for student loans/funding?

Description : Any advice when looking for student loans/funding?

Last Answer : Let me warn you now: Don’t be fooled by those fake FAFSA people who charge you to process an application. Applying for FAFSA is free. It is a government program. My dad got tricked into paying for it… I shoulda set it up for him

Paying Off Student Loans Can Be Easier With the Right Job?

Description : Paying Off Student Loans Can Be Easier With the Right Job?

Last Answer : Student loans are an important investment in your future, but unfortunately many people feel that paying off high student loan debts requires working long hours for many years at jobs they hate. Consider ... large amount of student loan debt, and should be a part of your job search criteria.

You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Description : You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Last Answer : If my children really needed help.

Do you know anyone who successfully filed for bankruptcy on line?

Description : Do you know anyone who successfully filed for bankruptcy on line?

Last Answer : answer:You file with the local bankruptcy court. With a long list of items and documents. You understand that Chapter 7 means you may have to sell everything repeat EVERYTHING (there are exemptions) to be paid ... in Chapter 7. I'm not a lawyer; I just know someone that went through a bankruptcy.

Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

Have any of you tried to file bankruptcy on your own without a lawyer?

Description : Have any of you tried to file bankruptcy on your own without a lawyer?

Last Answer : hello darkness my old friend….

Will Lehman brothers stock disappear when it files for bankruptcy?

Description : Will Lehman brothers stock disappear when it files for bankruptcy?

Last Answer : I strongly suggest you buy a bridge instead.

Is there any way to get out of paying back school loans?

Description : Is there any way to get out of paying back school loans?

Last Answer : No, there is no way to get out of paying back school loans. You can read more at www.soyouwanna.com/site/syws/loans/loans.html

Can I get a VA Loan if I got one for a home 8 yrs ago and had to claim bankruptcy because I was having trouble getting a job . I work in construction and work was slow . ?

Description : Can I get a VA Loan if I got one for a home 8 yrs ago and had to claim bankruptcy because I was having trouble getting a job . I work in construction and work was slow . ?

Last Answer : You are going to have a hard time getting any loans. Unless you have really cleaned up your credit from the bankruptcy declaration it is going to be very difficult. It is possible. Even if you ... and will not charge any fees for your VA loan if you are approved and no obligation to check.

Who determines the amount of claim due to a creditor under the Insolvency and Bankruptcy Code, 2016? a) Committee of Creditors b) Resolution Professional c) Adjudicating Authority d) Corporate Debtor

Description : Who determines the amount of claim due to a creditor under the Insolvency and Bankruptcy Code, 2016? a) Committee of Creditors b) Resolution Professional c) Adjudicating Authority d) Corporate Debtor

Last Answer : b) Resolution Professional

Auto Loans With Bankruptcy?

Description : Auto Loans With Bankruptcy?

Last Answer : Bankruptcy is a life event most people want to avoid; however, it can happen to the best of people. Economic uncertainty and layoffs have led many people to have to file for bankruptcy. Many people ... loans with bankruptcy on the record may take more creative work, but it is possible to obtain.

Do you think the money I received this week for helping out a friend doesn't need to be claimed on my weekly unemployment claim?

Description : Do you think the money I received this week for helping out a friend doesn't need to be claimed on my weekly unemployment claim?

Last Answer : What was the time frame for the the “non-work” that you received the check ? ?

Those who claim psychic powers: true believers, or clever charlatans out for the money?

Description : Those who claim psychic powers: true believers, or clever charlatans out for the money?

Last Answer : I personally think it’s all hooey but I’m sure there are both sincere and non-sincere practitioners of the “art.”

Are we paying too much money for funerals for our deceased loved ones?

Description : Are we paying too much money for funerals for our deceased loved ones?

Last Answer : Nobody is being exploited here. We need people to take care of our deceased ones and other people are offering such services, not for free, of course. Unless you own a graveyard and are capable to ... one's funeral as extravagant as possible as a sign of respect and perhaps, to show their status.

Can you give me some financial advice on paying off our house?

Description : Can you give me some financial advice on paying off our house?

Last Answer : answer:Yes, he's right. Any time you're doing something special' (i.e. non-routine) think of all the ways they could screw it up, and plan for that. Meaning: write a separate check for the ... a mortgage or a straight bank loan or what? Don't get a higher interest rate and squander your money,

Advice on paying debt collection?

Description : Advice on paying debt collection?

Last Answer : answer:If it happened to me, no I would absolutely never pay a collection agency. If she wants to pay the actual phone company, she should call and discuss it with the billing department. Even then ... many local elected officials as I could to get some assistance in getting them to leave me alone.

Are there payment plans for paying traffic tickets?

Description : Are there payment plans for paying traffic tickets?

Last Answer : answer:Hi, and welcome to ask-public. I don't know of any place that allows payment plans for traffic tickets, but I wouldn't rule it out, I suppose. If you can get the court to hear your plea ... -for, or to pay it on the spot otherwise. Better to owe your brother the money instead of the court.

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

What are the best paying programs for making money taking surveys online?

Description : What are the best paying programs for making money taking surveys online?

Last Answer : I use ZoomPanel myself. I've gotten several things, including a digital camera, by saving up their survey points. The husband recommends American Consumer Opinion, which pays him small checks now and then. None of ... of money (in my experience), but these are two of the nicest that I've heard of.

What do you tell someone who is constantly depressed about paying the bills and not earning enough?

Description : What do you tell someone who is constantly depressed about paying the bills and not earning enough?

Last Answer : Get a new job.

Is Germany still paying off money and debts from the first and second world wars?

Description : Is Germany still paying off money and debts from the first and second world wars?

Last Answer : Actually, Germany had to take responsibility for and pay the debts for World War I.

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Description : If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

Have you successfully retrieved money from a fraud claim you filed on your debit card?

Description : Have you successfully retrieved money from a fraud claim you filed on your debit card?

Last Answer : I did. It took a few days, but I only dealt with my bank. Actually, the bank had called me first, suspecting that the transaction was fraudulent.

Does e file automatically adjust your claim for all the benefits due?

Description : Does e file automatically adjust your claim for all the benefits due?

Last Answer : I'm not exactly understanding your question. When you (general you) file your taxes, you have to put in the information for what you are eligible for. If you don't put in the information, it ... responsibilities were for the year, how much you paid towards taxes, and what you had for tax credits.

how much money can i receive as a gift before i have to claim it as income?

Description : how much money can i receive as a gift before i have to claim it as income?

Last Answer : answer:Calender year 2008 - $12,000 from one person. If it is $12,001, you have to declare the $1 as income. There is also a one-time lump sum that a person can give away, that will not be ... details. Or maybe some of the Google experts here can find it. I am going outside to watch the eclipse.

Is that Quicken Loans Super Bowl ad an omen of another housing crash?

Description : Is that Quicken Loans Super Bowl ad an omen of another housing crash?

Last Answer : answer:Was the Doritos commercial an omen of a large rise in birthrate? No, of course no. Hyperbolic advertising. I mean really, how many people are going to download an app, apply for a mortgage, ... I think, was ease. I cannot imagine that they have any expectation of a rush of instant mortgages.

Is there anyplace that loans small amounts of money?

Description : Is there anyplace that loans small amounts of money?

Last Answer : WARNING!!! loan sharks will normally tell you that the interest rate is X% a month. remember that there are 12 months in a year. 1.95% monthly interest sounds low, but its actually almost 29% ... these people actually charge 10% and 20% and more monthly! you will never be able to pay that back

Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Description : Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Last Answer : answer:No, they should not. It is greed on their parts. Should people think responsibly and not take on more debt than they can? Of course. In the case of some of these outrageous mortgages, ... simplifying the process and forcing them to disclose in plain English would go a long way to helping.

What is a good formula for paying back student debt?

Description : What is a good formula for paying back student debt?

Last Answer : Live frugally, don’t assume any new debt, and pay it off as fast as you can. Highest interest first.

At what level of income must you be to start paying back a Private Student Loan?

Description : At what level of income must you be to start paying back a Private Student Loan?

Last Answer : You will have to start paying it back six months after you graduate. If you are still unemployed or making very littl you can typically defer the payments for up to three years but usually interest will ... it is a graduated payment plan which means your payment will go up the more money you make.

Can you go to jail if you can't pay back loans, such as student loans?

Description : Can you go to jail if you can't pay back loans, such as student loans?

Last Answer : No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.

What are my options if I'm not earning enough to pay back my student loans?

Description : What are my options if I'm not earning enough to pay back my student loans?

Last Answer : There are several options available for loan repayment. Usually they have you make monthly installment payments, or certain loans will let you make payment arrangements if employed using the education you received.

If official travelers ride together only the traveler paying the vehicle operating expenses can claim a mileage allowance.?

Description : If official travelers ride together only the traveler paying the vehicle operating expenses can claim a mileage allowance.?

Last Answer : What is the answer ?

What are some options for paying (off) school loans?

Description : What are some options for paying (off) school loans?

Last Answer : You could ask your parents to pay for it and then they wouldn’t charge you interest.

Are there low-paying loans for students to be able to attend an EMT class?

Description : Are there low-paying loans for students to be able to attend an EMT class?

Last Answer : The EMT Course has three components: didactic (120 hours) which includes practical, hands-on skills training, the clinical/field ride-along (10 hours), and final testing (4-8 hours). ... completed starting mid-point through the course if you have completed all of the course medical requirements.

Paying Your FAFSA Loans Online?

Description : Paying Your FAFSA Loans Online?

Last Answer : Many college students wait until they have graduated and found employment before they start to repay their students loans. This waiting is unnecessary. Paying even a small amount each month can significantly ... those payments in full before their credit card interest sets in can save quite a bit.

How can I increase my student loan?

Description : How can I increase my student loan?

Last Answer : You can apply for a new student loan in another jurisdiction.

Anyone know of a way for a college student who has a job to make some more money?

Description : Anyone know of a way for a college student who has a job to make some more money?

Last Answer : My prom date stripped to pay for her college tuition.

How can I get a student loan?

Description : How can I get a student loan?

Last Answer : Do you live in the US?

The choice of a possible criminal over an innocent student which would you do?

Description : The choice of a possible criminal over an innocent student which would you do?

Last Answer : 1. No one deserves to be murdered, guilty or not. 2. If someone held me to gunpoint, chances are I would be too distracted to comprehend such a complex situation. 3. I would only ever kill ... so it would be highly suspicious and I would be tempted to not shoot just to see what happened next.

Financial advice for a college student?

Description : Financial advice for a college student?

Last Answer : Your financial aide office is the right place to start. They will be able to tell you if you qualify for any grants grants are much nicer than student loans because they are free and ... Research is your best friend. Sometimes student loans are just necessary but exhaust all other options first.

Can homeless people get student loans?

Description : Can homeless people get student loans?

Last Answer : It may depend on their credit rating. When I got a federally insured student loan, it was for schooling only and the school received it all. After I had been out of school for six months I had to start ... about $60 a month, the last six months about $110 a month. (Didn't have to pay that back.)

What is the interest like on student loans for people with bad credit?

Description : What is the interest like on student loans for people with bad credit?

Last Answer : There are a number of government loans that are offered with no credit checks. In order to be eligible for these loans, you must fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA ... as well as yourself. If you are independent of your parents, the form will only apply to you.

Take Out Subsidized Federal Student Loans?

Description : Take Out Subsidized Federal Student Loans?

Last Answer : When taking out federal student loans, try to take out the maximum amount of subsidized loans possible. Subsidized loans carry a lower interest rate than non-subsidized loans. You can end up saving ... subsidized loans. You should always try to qualify for as much subsidized loan money as possible.

Can I stop my wages from being garnished for a defaulted student loan The company that is garnishing by check says that the money that is being taken from my paycheck is only paying their fee, not any part of the loan. Is there any way that I can repay it?

Description : Can I stop my wages from being garnished for a defaulted student loan The company that is garnishing by check says that the money that is being taken from my paycheck is only paying their fee, not any part of the loan. Is there any way that I can repay it?

Last Answer : You cannot get out from under a student loan. If you have the ability to pay back the loan do so as quickly as possible as your interest will rapidly increase the principle, especially if part of your garnishment is not covering it.

Suppose you are checking student's answer books, all of a sudden you have finished red refill. You call an student and order him to bring a refill. What would you like to do in such a situation? Options: A) You will give him required money for the purpose B) You will return the money when student show courteous gesture C) You think that students money is teachers own money D) You will feel ashamed when you will be paying for such a small amount

Description : Suppose you are checking student's answer books, all of a sudden you have finished red refill. You call an student and order him to bring a refill. What would you like to do in such a situation? ... is teachers own money D) You will feel ashamed when you will be paying for such a small amount

Last Answer : A) You will give him required money for the purpose