Student Loan Discharge Assistance Through Bankruptcy in Chicago
Are you drowning in student loan debt? Jumping from payment program to payment program to put off paying until “things get better”? Are interest rates, late fees, and collection fees ballooning? How long is it going to take you to pay off all your student loans? 20, 30, 40 years? The rest of your life?
Parents, did you try to help you kids with a Parent Plus or other student loans and now that debt is going to keep you from retiring the way you planned?
You’ve been told, your read, you heard, that you can’t discharge student loans in bankruptcy. That’s false. It’s a myth that even bankruptcy lawyers believe. It’s why no one tries. Not even bankruptcy attorneys that have been practicing for 20, 30, 40 years or more.
Fact it, student loans can be discharged or reduced both in bankruptcy. And if you already went through bankruptcy? A bankruptcy case can be reopened years later and the student loans discharged.
Problem is that almost no one knows how to do it.
But we do.
So, what’s the big secret? What’s the trick to getting student loans dismissed in or after bankruptcy? First, there are no secrets, no tricks, no legal black magic. It’s simple really.
Yes, litigation. Suing student loan companies so that you can actually have a life. Can save money. Can start a family. Will have money for retirement. Financial security. All the things student loans are preventing people from having, otherwise known as a normal life.
To litigate a student loan in bankruptcy court we need to demonstrate 3 things:
- a current inability to repay their student loans
- a future inability to repay their student loans
- a past good faith effort to have repaid their student loans
In short, if you don’t have the money to repay your student loans now, you don’t anticipate a significant change in your financial circumstances, and have worked to at least try to repay your student loans in the past, then you have a good chance of proving undue hardship and receiving a student loan discharge.
So now you’re wondering “What’s so special about you guys? Why do you seem to know all this and no one else does?”
For one thing, we’re not a bankruptcy law firm. Yes, we take people through the bankruptcy process and go a few steps further to get their credit up. But our background we’re a consumer debt and credit litigation firm.
A bankruptcy firm offers one thing, bankruptcy. While that’s nice, we want our clients back on their feet and bankruptcy alone doesn’t get them there.
Our history, our core, is suing financial companies for consumers, everyday people like you, and we’re good at it.
So, we don’t believe the myth that student loans can’t be discharged in bankruptcy because we know it’s not true. We have had student loan lawsuits against our clients dismissed and we sue the student loan lenders, doesn’t matter if they’re private lenders or the federal government, to get your student loans discharged or reduced in bankruptcy.
Think it’s expensive? It’s not. We work on contingency meaning if we can’t save you anything you don’t pay anything. And that makes us very, very motivated.
So the question isn’t can you afford to try to get your student loans discharged, can you afford not to?
So now you have a choice to make. Close this webpage, do nothing, and continue your life accepting of the financial consequences.
Or, if you’re serious about using bankruptcy as a tool to get rid of your student loans, and other debt, and completely change your financial future for the better. Pick up the phone, or fill out the form, and schedule a free appointment.