HELP WITH STUDENT LOANS
Can bankruptcy get rid of your Student Loans?
No. But it can really help you out. Here is how it works:
Government Rules Changed:
The Federal Government changed the law to make it easy for almost
anyone to get a student loan even if your credit was questionable.
The idea was to help more people get an education and be able to
earn more money (and pay more taxes). It makes sense. But as you
probably know, it is not easy to pay for the student loans right
after college. It usually takes time to build up a sufficient income
to pay them off. However, since the government made it easy to get a
student loan, they made it very hard to get out of it.
The Exception:
There is an exception that will allow you to get out of a student
loan, but it is very hard to qualify for it. Basically, you must be
permanently disabled and deemed unable to pay back the balance of
the loan. If there is even a slight chance that you will be able to
work and pay off the loan in the future, then you are probably not
going to qualify for the exception.
SO HOW CAN BANKRUPTCY HELP???
Simple, if you are behind on your student loans, then you are
probably being harassed by bill collector’s phone calls and letters.
These people are generally not nice. They add levels of stress to
your life that you just don’t need. Bankruptcy will put an end to
the phone calls. Collection agencies are not allowed to contact you
while you are under bankruptcy protection. They can’t garnish your
wages either. Basically, bankruptcy buys you time that you
desperately need to get a better job and earn a more livable income
that will allow you to actually pay off our student loans in the
future. Stop the madness. Contact an experienced and qualified
bankruptcy attorney today and get some professional advice. If you
live in or near San Antonio, you can call me for a free initial debt
consultation. I will advise you on what your best options are to
attain financial freedom. Your first visit to my office is always
free, and always confidential.
Sometimes your finances don’t turn out the way you planned. Don’t
stress yourself out about it. Federal Laws exist to help you out.
Despite how the collection agents make you feel, you do have rights.
If you are being harassed by annoying collection agents about your
student loans, call me today at 210-930-7000. I’ll help you
out.
Contact Rick Flume - San Antonio
Bankruptcy Lawyer
