STUDENT LOANS

What happens to my student loans in bankruptcy?

We Can Discharge Student Loans, and Also Assist with Reducing the Financial Impact of Student Loans. 

Student Loans now affect nearly 25% of Americans and has reached crisis proportions, clouding the financial futures of millions of Americans and negatively impacting home purchases, retirement, further educational and professional training, and even marriage and family planning. The problem has become particularly critical with the expiration of the Cares Act in 2022.

However, a new Guidance from the Department of Justice and the Department of Education effective in 2023 has the potential to change bankruptcy practice dramatically. Until now, attorneys have not thought of bankruptcy as a way to help clients struggling with overwhelming student loan debt. This is changed by the new Guidance as more bankruptcy debtors will be eligible for discharge of their student loans through settlement of undue hardship cases. 

Mr. Carr is a graduate of the Student Loan Law Workshop can also assist with:

• Understanding and working with the student loan life-cycle
• Loan consolidation 
• How to read a student loan record and identify issues
• The impact of student loans, defaults, and financial effects
• How to obtain affordable monthly payments
• How to avoid and fix defaults
• The impact of bankruptcy, retirement, and family budgeting.

Let Attorney Carr help you navigate this confusing process.