Is there a statue of limitation on student loans?

slowandeasy

I may be wrong but I do not think you can include student loans in chapter 7 bankruptcy
If I am wrong someone correct me because I was always told student loans could not be included in Bankruptcy.

Emland

That's always been my understanding as well.

Trustee

Depends where you are located, and which laws have effect. There may not be a direct SOL for student loans in some places. Nevertheless, it is possible that the various bits of legislation interact and provide that there is an effective SOL, or that one can be discharged from owing the student loan.

twinkiedooter

In the US students loans cannot be included in a Chapter 7 bankruptcy and be discharged. I have never seen a student loan included in a Chapter 7 filing and the attorney I worked for would patiently explain to his clients that the student loans could not be discharged.

fightincreditor

I am not sure, but think it may depend on whether the student loan was government or private. You might check with laws in your state.

Fr_Chuck

If this is a government student loan there will not be a SOL and they will not be included in your bankrutpcy ( with a very few hardship exceptions) although I have never seen an exception allowed,

fightincreditor

You are right Fr_Chuck if it is government, there is no SOL and these are very rarely released in bankruptcy. However, I believe that if private loans, this does not apply. But again not sure need to check with state laws.