I was told that i can apply for personal bankruptcy on my student loans after 10 years. that date is coming up early next year. is that still possible? as i know i do not make enough money to pay them off or i will be paying them off for the rest of my life.i am a single mother of 2 children
thank you kindly
It’s not the age of the loan that matters; the important date is when you ceased to be a student. For example, if you got a student loan in September, 1995 and graduated in April, 1996, if you filed for personal bankruptcy in May, 2006 or later your student loans would be automatically discharged in your bankruptcy.
There are some important considerations with student loans, so feel free to e-mail us or call us in Hamilton at 310-PLAN (no area code required) for more information.