Student Debt Relief Lawyers in Nashville, TN
The escalating cost of higher education in the United States has led to an unprecedented surge in student loan debt. For many, borrowing money has become the primary means to afford college, making student loans an integral and often inescapable part of the higher education factor of the American dream. The necessity to manage this debt effectively has never been more pressing.
The federal government has proposed debt relief measures for federal student loans to address this burdensome issue affecting millions of Americans. However, no laws have been enacted thus far. The unfolding status regarding this issue means student loan borrowers must remain aware of the latest updates regarding possible debt relief eligibility criteria and implementation.
Currently, the best way to address student loan debt is to discuss your case with one of our attorneys at Flexer Law. We can provide up-to-date information and guidance about your options for debt relief through bankruptcy. Our team has been helping debtors of all ages and from all walks of life for 40+ years; we have become the leading bankruptcy firm in the Middle Tennessee region.
Book a free initial consultation with a Nashville student debt relief attorney by connecting with us via our online form or call (615) 805-6374.
Discharging Student Loans Through Bankruptcy
Generally, under 11 U.S.C. § 523(a)(8), student loans are not eligible for discharge through either a Chapter 7 or Chapter 13 bankruptcy filing. However, proving to the bankruptcy court that you and your dependents will suffer “undue hardship” by having to repay a student loan may allow a discharge.
To do this, you must file a Complaint to Determine Dischargeability, a formal legal action requiring the court to assess whether your circumstances qualify as undue hardship. This is called an “adversary” proceeding, a separate process from your bankruptcy case.
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Student Loan Debt in Chapters 7 and 13 Bankruptcy
If you are filing for Chapter 7, your student loan can only be discharged if you meet the criteria for undue hardship or another hardship court test. This means you must pay the loan(s) back in full.
Under Chapter 13 repayment plans, a portion of your student loan debt may be included. While student loans may not be fully discharged at the end of your bankruptcy case, they are treated as unsecured debt; this classification may result in partial rather than full repayment.
You are protected from collection efforts by student loan creditors during the repayment. This can give you critical relief when overwhelmed by student loan obligations.
Turn to Flexer Law for Critical Legal Help
Our attorneys understand the complexity and sensitivity of grappling with student loan debt. As a bankruptcy firm with extensive experience, we can guide you through the intricacies of debt relief and bankruptcy procedures.
If you are struggling with student loan debt, our skilled team can provide comprehensive counsel, help you explore your legal options, and represent your case with the utmost diligence.
Contact us online or at (615) 805-6374 to consult with a Nashville student loan lawyer today.