Did You Know, Bankruptcy Can’t Cancel This Debt?
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Bankruptcy canceled my student loans. Took almost 3 years after filing to finally get them discharged but it happened. I still get calls from Firstmark asking me to pay, then looking up my account and seeing I have a zero balance due to discharge. They are always surprised and say my situation is very rare. I thank God every day for giving me this opportunity to start over. I had been paying on these loans for over 15 years with little to no progress on the balance, and had paid nearly the entire amount the principal is by now.
It's called work ????
Bankruptcy used to cancel student loans. A congressman named J. Biden worked to change that and protect banks from losing that money .
Not true… a judge can cancel that debt if certain criteria are met
Not only can a student loan not only be erased by bankruptcy, but the interest still accumulates while you’re in bankruptcy protection. We were not told that when we filed for bankruptcy and when we emerged from bankruptcy, the interest on the student loan ballooned exponentially! I don’t think I will ever be able to pay off this student loan. Nearly 98% of the balance is interest!
The easiest way to get out of debt is to not get into it in the first place.
You can bankrupt on your gambling debt, but not your student loan debt. What kind of world do we live in?
There's no justification for student debt in the first place.
Bankruptcy can cause reconciliation on the student loans to make them easier to pay off