The obligation of student loans can be with you for years. Even under bankruptcy law, they won’t be easy to get rid of.
There is a way though, and that is to prove to a court that your student loan debt is an “undue hardship.” Court decisions may be based on your income. If, 1. you’re at the poverty level, and cannot provide properly for your family, and 2. it seems that your financial situation is not going to improve anytime soon, and finally, you have made an honest effort to make payments on the loans, then the court may consider your request.
Your Douglas County bankruptcy lawyer will caution you not to get your hopes up when it comes to student loan relief. Every case is determined at the discrepancy of the particular court it is being heard by, but “undue hardship” is difficult to establish.
Find the best Douglas County bankruptcy lawyer at the Parker Lawyers firm. Visit their offices at 11020 S. Pikes Peak Dr., or call them @ 303-841-9525.