Rolling Meadows Bankruptcy Attorney

Student Loans in Bankruptcy

Student loan debts are one of the most difficult types of debts to discharge in bankruptcy. Typically, a person who wishes to discharge a student loan debt or any type of debt involving education will have to prove “undue hardship”. Regardless if you received a private student loan or a federal student loan for higher learning, all student loans will require proof of undue hardship to discharge in bankruptcy.

At Northwest Suburban Bankruptcy, our Rolling Meadows, Illinois bankruptcy attorney has helped individuals who are experiencing all types of financial hardship. Our bankruptcy law practice understands there are a multitude of concerns many people have in regard to bankruptcy and whether or not filing for Chapter 7 or Chapter 13 will be the most beneficial to their needs.

We can answer any questions you have about how to file for bankruptcy and discharge student loans and any other debts you may have. Call our 24 hour answering service to learn more, or contact Northwest Suburban Bankruptcy to schedule an appointment.  

Student Loan Bankruptcy Discharge and Credit Ratings

Some people wonder if a bankruptcy discharge of a student loan will affect their credit rating and their chances of receiving student loans in the future. The answer greatly depends on the type of student loan you may be applying for in the future. New student loan applications and federal grants usually are not denied to someone who has previously filed for bankruptcy discharge of student loans. However, the government may look at your credit rating if you are applying for PLUS loans. Even private student lenders will use credit scores to evaluate loan applications, and since a bankruptcy discharge lowers your credit score, it may be difficult to apply for new loans.

Contact a Bankruptcy Attorney for Student Loan Debt Discharge

Contact Northwest Suburban Bankruptcy in Rolling Meadows, Illinois, to learn more about discharging your student loan debts in bankruptcy. Call 847-394-3200, our 24 hour answering service, to schedule an appointment with an experienced bankruptcy attorney.