Alabama Consumer Bankruptcy Lawyers
Some people who are faced with debt from student loans wish to be able to discharge that debt through Chapter 7 or Chapter 13 bankruptcy. Unfortunately, it is very difficult to discharge student loans in a bankruptcy. One of the main benefits of student loans for lenders is that they are hard to discharge, and it is important that you know what your rights are if you are considering bankruptcy to discharge these types of debts.
At the law firm of Gina H. McDonald & Associates, our attorneys help clients across Alabama find debt relief through the process of bankruptcy. Although not every debt is dischargeable, it is still in your best interests to get your questions answered and to understand all of your options when it comes to dealing with debts through the process of bankruptcy.
Birmingham Student Loans and Bankruptcy Lawyers
While student loans used to be dischargeable under a number of circumstances, changes in the law have since made that untrue. In today's financial market, it is necessary to prove undue hardship in order to be able to discharge student loans. This is true whether your loans are private or federal and the standards are incredibly high.
Although it may not be possible to discharge all of your college loans, it does not mean that there are not ways to get the debt relief you need. That is why it is so important to speak with an experienced attorney who can help you understand all of your options regarding debt.
Student Loans and Bankruptcy in Alabama
Schedule an appointment and talk with one of our experienced lawyers about student loans and bankruptcy. We have offices in Birmingham and Oneonta. Contact our firm by e-mail or by calling us toll free at 888-412-9047.