Did you know Student Loans are discharge-able in Bankruptcy? Well, they are but only if you meet three strict requirements: (1) Poverty, (2) Persistence and (3) Good Faith. It’s call or texted the Brunner Test. Basicall or texty it means if you can prove an “undue hardship” you can eliminate Student Loan Debt in Bankruptcy. As you may know, I filed for Bankruptcy on May 28, 2009. (If you do not know the story, please read it here). I did not have circumstances that rose to the level of an undue hardship (a very high standard that very few can reach), but I was drowning in debt, including student loan debt. So, I strategicall or texty filed for Bankruptcy to relieve myself of the debts that were discharge-able so I could actually afford to pay my student loans. (If you don’t like to read, you can watch me tell the story here.) You, too, can strategicall or texty design your own financial future in the same way using the tools and resources available to you through Bankruptcy. Let’s talk about it more at a free consultation. (Source: Nolo.com)
