Fort Wayne Indiana Bankruptcy Law Blog

Can I discharge student loans through bankruptcy?

Millennials, Generation Xers and Baby Boomers alike are plagued with debt, as monetary success continues to mount on the procurement of higher education degrees. In fact, the total student loan debt in the United States is 1.48 trillion dollars.

If paying student loans has become more than you can handle, bankruptcy may be a viable option for wiping the slate clean. However, you'll have to fit eligibility requirements under Indiana’s interpretation of the Brunner test.

The differences between Chapter 7 and Chapter 13 bankruptcy

Filing for bankruptcy can help you get back on track, but it can also be a little confusing to know how to go about it.

Many people file for chapter 7 or chapter 13 bankruptcy, because both chapters can immediately prevent creditor’s collection efforts and wage garnishment.

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