Monthly Archives: May 2021
Student Loans And Bankruptcy
If you’ve heard people say, “You can’t discharge student loans in bankruptcy,” then you should know that sometimes folk wisdom is accurate. Federal student loans are backed by a guarantee that the loan cannot be discharged in bankruptcy. But there are exceptions. In this article, we’ll discuss what happens to your student loans in… Read More »
What Is A Means Test In Bankruptcy?
Chapter 7 bankruptcy is considered one of the most favorable types of bankruptcy. Essentially, all qualifying unsecured debt is discharged. The downside of Chapter 7, is that your assets are liquidated to repay your creditors. But most folks who qualify under Chapter 7’s means test won’t have a lot of assets to liquidate. When… Read More »