A Chapter 13 Bankruptcy Filing Can Help
With a Chapter 13, student loans can be put on loan deferment for five years. This means you do not have to pay for the stated amount of time. Chapter 13 can be a delay tool for you to use in order to get on top of your other debt so when you emerge from the Chapter 13, you can pay on your student loans. When you are protected by Chapter 13, your wages cannot be garnished and creditors cannot harass you about the student loan debt.
If your financial situation allows, you may be able to set your own payments inside of a Chapter 13 instead of paying the payment amounts set by the loan company.
College Loan Relief
While you can never completely get rid of student debt until you pay it off, you can arrange for your payments to be manageable in order for you to deal with the other debt that you may have. Whether bankruptcy is right for you or another type of debt relief would be more advantageous, our lawyers can meet with you to discuss your options.
Covington Bankruptcy and Student Loans Lawyer
If necessary, we can put together an emergency filing on your behalf. Our phones are answered 24 hours a day, seven days a week, 365 days a year. Call today 859-581-5516 , toll free at 877-790-2233.