It's been more than 7 years since my first payment was due on my
student loan(s), and I am thinking about filing for bankruptcy and
therefore attempting to discharge my student loans also. Will the
7-year eligibility be affect by a deferment and/or consolidation in
the meantime? How will forbearance affect it?
Brett Weiss
01-06-2004, 01:31 PM
The old 7-year rule was repealed about 6 years ago. Now, student loans can
be discharged only in cases of "undue hardship," a very difficult standard.
--
Brett
************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************
The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
************************************************** ***************
"me" <soopmohfo@yahoo.com> wrote in message
news:c3315745.0401051535.7aeb3ec0@posting.google.c om... It's been more than 7 years since my first payment was due on my student loan(s), and I am thinking about filing for bankruptcy and therefore attempting to discharge my student loans also. Will the 7-year eligibility be affect by a deferment and/or consolidation in the meantime? How will forbearance affect it?
Charles Gray
01-08-2004, 12:05 PM
On Tue, 6 Jan 2004 16:31:49 -0500, "Brett Weiss" <lawyer@erols.com>
wrote:
The old 7-year rule was repealed about 6 years ago. Now, student loans canbe discharged only in cases of "undue hardship," a very difficult standard.
My student loan advisor put it this way:
"If you're hit by a car, and rendered into a permament vegitative
state,they'll probably declare "undue hardship" Other than that,
don't bank on it.
Brett Weiss
01-08-2004, 02:16 PM
It's not quite as bad as that, but not too far off from it.
--
Brett
************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@brettweiss.com *
* http://www.brettweiss.com *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************
The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
************************************************** ***************
"Charles Gray" <cgray@null.net> wrote in message
news:3cdrvv0306qrar5nn8uijq8vouihq87mi5@4ax.com... On Tue, 6 Jan 2004 16:31:49 -0500, "Brett Weiss" <lawyer@erols.com> wrote:The old 7-year rule was repealed about 6 years ago. Now, student loans
canbe discharged only in cases of "undue hardship," a very difficult
standard. My student loan advisor put it this way: "If you're hit by a car, and rendered into a permament vegitative state,they'll probably declare "undue hardship" Other than that, don't bank on it.
