Navigating the complexities of student loan debt can feel overwhelming, especially when considering bankruptcy as a potential solution. This article explores the crucial question: can private student loans be discharged through Chapter 7 bankruptcy? We’ll delve into the intricacies of Chapter 7 proceedings, the unique nature of private student loans, and the legal precedents surrounding their dischargeability. Understanding the “undue hardship” exception and available debt management strategies will provide a clearer path forward for those facing this significant financial challenge. The process involves examining the legal framework of bankruptcy, specifically Chapter 7, and contrasting it with the contractual obligations inherent Read More …
