
The crushing weight of student loan debt is a reality for millions, often leading to desperate searches for solutions. Bankruptcy, a legal process designed to alleviate overwhelming financial burdens, is frequently considered. However, the question of whether bankruptcy can truly eliminate student loan debt is complex, depending heavily on individual circumstances and the type of bankruptcy pursued. This guide delves into the intricacies of student loan discharge through bankruptcy, exploring the different bankruptcy chapters, the demanding “undue hardship” standard, and the long-term implications of this significant financial decision. We’ll examine the key differences between Chapter 7 and Chapter 13 bankruptcy, Read More …