Can you file bankruptcy on a student loan in the amount of 200.000
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Can you file bankruptcy on a student loan in the amount of 200.000
No, student loans cannot be discharged in bankruptcy.
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.
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.Quote:
Originally Posted by kccheif
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
Quote:
Originally Posted by Fr_Chuck
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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