Bankruptcy, Student Loans

Don't Waste Your Time Trying To Get Your Law School Debts Discharged In Bankruptcy

Your law school debt will likely be with you for the rest of your life, no matter how difficult it is to repay it.

By  
on

Bankruptcy discharges of student loans are the unicorn of the bankruptcy world.

— a response given to attorney Richard Gaudreau during a student loan webinar, “Student Loans: The Next Big Thing for the Collection Industry.” Discharges of student loans in bankruptcy are very hard to come by, unless one is able to show that repaying the debt will impose an “undue hardship” (an incredibly difficult feat without a showing of a “certainty of hopelessness”).

(Mark Tetzlaff, an indebted graduate of Florida Coastal School of Law, is hoping to change the definition of what constitutes an “undue hardship.” He’s waiting to see if the Supreme Court will grant certiorari in his case. Flip the page to see his petition.)

Sponsored

1 2Next »

Topics

, , , , , , , , , , , ,