Can I Discharge Student Loans with a St. Louis Chapter 7 Bankruptcy Attorney?

Many young people (and even some not-so-young people) are saddled with student loan debt. In fact, Americans carry more than $1 trillion just in student loans. Combine this with a weak job market and stagnant wages, and it is a recipe for disaster. Many people seek the services of a St. Louis Chapter 7 Bankruptcy Attorney, hoping to get these debts discharged. Unfortunately, Chapter 7 cannot discharge student loan debt except in very narrow, very specific cases which are not applicable to most filers.

How to Deal with Oppressive Student Loan Debt

There are ways to deal with this debt to get it under control, even if Chapter 7 is not an option. First, contact your lender and discuss any forbearances or modifications that may be available to you. People often fall behind on their student loans and simply try to avoid their debt collectors. This is not the best option. Talk to the lender and see if there are options which can lower your monthly payments or temporarily put payments on hold. While interest will still accrue and you will wind up paying more in the end, sometimes that short term relief is needed to get through a tough time.

If there are no options available from your lender, you may be able to file Chapter 13 protection which could lower your payments during the repayment period. And the automatic stay will grant you some time to save up money to put towards your loans. This is less than ideal, but at least it will give you some breathing room as you work to pay back your debt.

Student loans are a serious problem for many people. If you have spoken to your lenders and they have not been willing to work with you, a bankruptcy attorney may be able to help. Contact The Westbrook Law Group today for a free consultation to discuss your options.

Dealing with massive loans? Contact a St. Louis Chapter 7 Bankruptcy Attorney

Call The Westbrook Law Group today at (636) 493-9231

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