What circumstances does a person need to prove to have their student loans discharged through bankruptcy?

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Monserrat Sheppard

4 May, 08:59

What circumstances does a person need to prove to have their student loans discharged through bankruptcy?

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Simeon Valencia · Answer 1

It is possible to prove that the student loan is discharged through bankruptcy. One way is to prove that it will bring a lot of hardship on the student and their dependants.

Explanation:

It needs to be proved that the debtor cannot maintain a minimal lifestyle due to the burden. Prove that the debtor had made certain good efforts to repay the loans but couldn't succeed. Understudy advances are troublesome, however not feasible, to release in liquidation.

To do as such, you should show that instalment of the obligation will force an undue hardship on you and your wards. If the undue hardship is proved in the court then the student loan will be cancelled.