Student Loans and Bankruptcy

Posted on Wednesday, March 19, 2008

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I have been considering bankruptcy for quite some time. I have read every website that exists but still have a question about my student loans. Most my debts are student loans that were approved in the past ten years…do these still get erased? I remember reading somewhere that any student loans are not cleared by filing a bankruptcy but can`t quite remember if this was something I read or somehting I heard. is this true?

Filed under: Bankruptcy
 posted by Questions @ 7:35 am
1 Expert Comment:

 At March 31, 2008 | 9:17 am , Barton Goth GCO Bankruptcy Trustees Said...

The way the current rules are is that if you file bankruptcy and less than 10 years has expired from the time you last attended school (irrespective of whether you did or didn’t have loans in that period) then they are not released by the filing of a bankruptcy.

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