Call 24/7: 410-766-4044 (Balt. Metro) Call 24/7: (301) 587-8900 (Wash. Metro)
Offices Located in: Glen Burnie - Greenbelt - Baltimore - Columbia

Chapter 7 BankruptcyChapter 13 Bankruptcy

Do Not Make This Mistake With Your Studen Loans

Many people want to know what happens to their student loans if they file for personal bankruptcy.  You may have heard that although they are not usually discharged, student loans can be discharged if you can show a special “hardship.”  While that may be true, it is nearly impossible for you prove the type of hardship that is necessary to discharge a student loan.   Unemployment is not a reason. Disability is not a reason.  So, you say, if those are not reasons, what are some reasons?  The answer, unfortunately, is that we are not aware of any.  We are up front and honest with your client’s and tell them that there student loans cannot be discharged, it’s as simple as that.

The Good News

Most other unsecured debts, such as credit cards, medical bills, repossessions, evictions, etc., are dischargeable in bankruptcy.  Most of client’s say the same thing, which is “well, as long as I can get rid of those debts, I can afford to pay my student loans.”  And we say “exactly.” There is one bit of good news regarding student loans.  While a bankruptcy is pending, the student loan companies cannot collect money from you.  So, during a Chapter 7, which is usually about a 4 month process, you do get relief for those 4 months.  A Chapter 13 is different.  You will be making a payment through the bankruptcy court to pay back your secured debts and you will usually agree to pay your student loans “outside the plan.”

Contact Us Today

If you have questions about bankruptcy or student loans or any debts at all, call us today for your free consultation.
Categories: Bankruptcy

Phone Calls Answered 24/7

Monday - Friday:
9:00 a.m. to 5:30 p.m. Saturday:
8:30 a.m. to 11:30 a.m.

Voted Maryland “SUPER LAWYER” 2017, 2018, 2019, 2020, 2021, 2022 & 2023

Elite Lawyer Badge
David L. Ruben
Rated by Super Lawyers loading ...
Ruben Law Firm is a BBB Accredited Lawyer in Glen Burnie, MD  

Contact Us

  • This field is for validation purposes and should be left unchanged.


How To Fill Out
Your Filing Paperwork

Questions? 410-766-4044

Featured On FOX 45
About MD Bankruptcy Cente…
Why You Shouldn’t Feel…
Preparing For Your 341 Me…
What is Chapter 7 Bankrup…
Can You Afford to File fo…
What is Chapter 13 Bankru…
David Ruben on Fox
Bankruptcy 2021 Update: H…