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Student Loans- Hardship Discharge is Hard to Get

Posted by Kevin on October 5, 2011 under Bankruptcy Blog | Be the First to Comment

When the Code was changed back in the late 1970’s, a debtor could discharge a student loan if there was a hardship situation or if loan payments were due more than 5 years before the filing. Now, a debtor can only get a hardship discharge.  I tell all my clients that you have to be in pretty bad shape with little or no prospects for a decent living to get a hardship discharge .  Even then, it was iffy.

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