Student loans can be large enough that even with a lot of contributors, it can be difficult to
completely discharge the debt.
They completely discharged her debt and she now owed nothing.
Not exact matches
If you leave your credit card
debt as unsecured
debts, filing for bankruptcy will
discharge the
debt completely.
A chapter 7 bankruptcy may
completely discharge unsecured
debts including credit card
debt, medical bills, personal loans, judgments resulting from car accidents and deficiencies on repossessed vehicles or foreclosures.
Instead of being
completely discharged from most of your
debts you are most likely falling under the Chapter 13 reorganization procedure.
But it also gives you the ability to resolve your
debts by
discharging them
completely or following a court - ordered payment plan.
Go to annualcreditreport.com to check your credit and make sure that all of your
discharged debts are
completely off your credit report.
You may be able to
discharge other
debts in bankruptcy or foreclose on your home, but it is unlikely that you will ever
completely get out of paying your student loans (student and any co-signers) since the standard to disqualify student loans in bankruptcy is very difficult to meet.
When you complete your Chapter 13 Plan, this
debt would be
completely discharged.
Under Chapter 7 bankruptcy, certain
debts are
completely discharged, meaning that the filers do not have to pay them.
Instead, the only way to
completely discharge student loan
debt today is via a mechanism called a «hardship
discharge», which is almost impossible to qualify for.
Based on severe illness, the debtor argued that he was
completely dependent on his wife, had no realistic prospects for earning income in the future and, as a result, he was entitled to
discharge of his student loan
debts.
This
debt may be
completely dismissed through the Chapter 7
discharge.
Unsecured
debts may be
completely discharged in Chapter 7, making it an attractive bankruptcy option.
In most cases, Chapter 7 bankruptcy can
completely discharge unsecured
debts, meaning they may be
completely retired.
These
debts may be
completely discharged and retired by filing a successful Chapter 7 bankruptcy case.
Most of your unsecured
debts — like credit card and medical bills — may be
discharged completely.
The married couple may benefit from the lower costs and fees of a joint filing and the ability to
discharge joint
debts completely.
Federal student loan
debt is
completely discharged in death, so one's estate or relatives won't owe the U.S. Department of Education a dime.