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-   -   Student loans (https://www.askmehelpdesk.com/showthread.php?t=250316)

  • Aug 18, 2008, 03:22 PM
    kccheif
    Can you file bankruptcy on a student loan in the amount of 200.000
  • Aug 18, 2008, 03:25 PM
    progunr
    No, student loans cannot be discharged in bankruptcy.
  • Aug 18, 2008, 04:49 PM
    ScottGem
    Its not a good idea to piggyback your question on someone else's. This can lead to confusion. You should start a new thread. So I've moved your question to its own thread.
  • Aug 18, 2008, 05:10 PM
    Cailleac Bhuer
    Quote:

    Originally Posted by kccheif
    can you file bankruptcy on a student loan in the amount of 200.000

    If it is a governmental student loan, then no, you cannot, you have to ay the minimum of $50 a month until it is paid off once you are longer an enrolled student in the higher education level.
  • Aug 18, 2008, 06:18 PM
    Fr_Chuck
    Please disregard the 50 dollar min, the min will depend on the total amount due and the interest rate, in many cases 50 dollars a month would not even cover the interest.

    But no in almost no cases will a bankruptcy be discharged in a bankrutpcy
  • Aug 19, 2008, 10:51 AM
    JudyKayTee
    Quote:

    Originally Posted by Fr_Chuck
    Please disregard the 50 dollar min, the min will depend on the total amount due and the interest rate, in many cases 50 dollars a month would not even cover the interest.

    But no in almost no cases will a bankruptcy be discharged in a bankrutpcy



    Exactly, the vast majority of student loans cannot be discharged in bankruptcy and there is no minimum you pay that keeps the debt collector away from your door - simply not true.

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