Ask Question
4 May, 08:59

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

+2
Answers (1)
  1. 4 May, 12:31
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What circumstances does a person need to prove to have their student loans discharged through bankruptcy? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers