Generally speaking it is difficult, almost impossible, to discharge a student loan in bankruptcy. The debtor has to show “undue hardship”, and if you are physically able to go to work you will have difficulty showing undue hardship. Except that a few years ago one Arizona debtor was able to discharge part of his student [...]
Tags: Debtor, Student Loan
Posted October 8, 2010 by Brayden Laura under Credit Report
I enjoy writing about honest bankruptcy debtors because their true stories belie the perception that all people filing bankruptcy conceal or undervalue their assets. (not denying that some bankruptcy debtors lie on their petitions) A guy calls me from Tampa complaining that his bankruptcy attorney “told him to lie to the Department of Justice.” He [...]
Tags: Bankruptcy Debtor, Debtor, Honest Bankruptcy, Honest Bankruptcy Debtor
Posted July 25, 2010 by Brayden Laura under Credit Report