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Title : Can A Student Loan Hardship Allow You To Liquidate Your Student Loans?
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Can A Student Loan Hardship Allow You To Liquidate Your Student Loans?

What do you do if you have $80,000 in student loans and after a period of years are simply unable to pay them off? What many former students do is to file for Chapter 7 bankruptcy and try to have the debt wiped out.

But is this really a successful strategy? It used to be that if a bankruptcy judge approved your filing for Chapter 7, that the majority of your debts, including student loans, would be liquidated. You would still be responsible for debts such as taxes, child support, and a few others. But, for the most part, you would be able to reset your financial life.

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