When Student Loans Contribute to Financial Distress
After working hard to improve your education, it can be frustrating to deal with massive student loan debt. Recent graduates often struggle to make ends meet, let alone pay down their loans. If your student loan debt is causing unmanageable financial hardship, it is time to talk with a bankruptcy attorney.
Generally, student loans are not dischargeable in bankruptcy. However, by filing either Chapter 7 or Chapter 13 bankruptcy, you can free up funds, making it easier to pay your student loans. At Simon Resnik Hayes LLP, our lawyers know the bankruptcy laws from the inside out and will explore every option available to get the relief you need.
Helping You Obtain an Increased Cash Flow
While you will most likely not be able to eliminate your student loan debt, there are ways to get the debt under control. By filing Chapter 7 bankruptcy, our lawyers can help you discharge your unsecured debts, such as credit card bills and medical expenses. Because you will no longer need to pay those debts, money is freed up to focus on your student loan.
By filing Chapter 13 bankruptcy, it is possible to reduce the amount of your monthly payment to something more workable without the threat of penalty. Your student loan could also be deferred for a period of time. To learn more about your options, call our offices in Los Angeles or Sherman Oaks at 310-598-7365 or 888-368-4099 to arrange a free initial consultation.
Serving Clients in Southern California
At Simon Resnik Hayes LLP, we understand how challenging financial distress can be. Our goal is to find a solution that will effectively relieve your debt burden and put you in a position to rebuild your financial health on more solid ground.
To schedule your free consultation with an experienced bankruptcy lawyer, contact our firm today. We welcome the opportunity to explain the process and answer any questions you have. For your convenience, we offer payment plans.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.