Can You Get Rid Of Student Loans In Bankruptcy?

Can you get rid of student loan debt in bankruptcy? This is a common question asked of bankruptcy attorneys for the simple reason that Americans owe an estimated two trillion dollars in loans incurred for schooling. If you are one of those people who went to college and ended up owing $10,000, $20,000, $30,000 or even more to Sallie Mae or another student loan lender, you know how difficult it can be to survive financially. Paying back student loans can be nearly impossible especially when career jobs are difficult to find, the degree you earned may not be in demand,...

30 January

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If I File For Bankruptcy Do I Get To Keep My Property?

Posted by Brian Barta

in Bankruptcy Insights

One of the first and most frequently asked questions I get as a Sonoma County Bankruptcy Attorney is, “If I file for bankruptcy do I get to keep my property?” Clients are understandably anxious about losing their car and not being able to get to work, or even more importantly, they want to make sure their home will be safe. Clients often have substantial retirement accounts that they absolutely cannot lose. Short Answer: Yes The short answer and the good news is, “Yes, you can keep your property if you file for bankruptcy.” In fact, in the most common type of bankruptcy...