The problem? Defining undue hardship is up to the discretion of the individual bankruptcy judge. This is why it is integral to have a trusted bankruptcy attorney with experience with student loan debt cases.
If you meet any of the following conditions, it is worth speaking with a bankruptcy attorney.
- You have substantial debt from a variety of sources. If you are suffering under mortgage loan debt, student loans, medical bills, credit card and/or other forms of debt, the collective burden of these obligations could signify and undue hardship. Further…
- If some of this debt is eliminated through bankruptcy, you still may not be able to afford your student loan debt.
- You do not qualify for a Public Service Loan Forgiveness program or have any other way to forgive your student loan debt.
- You believe that your student loan servicer has made errors in processing your payments or calculating the amount owed.