THE NEEDLEMAN LAW OFFICE
ATTORNEY SCOTT R. NEEDLEMAN
Columbus Ohio Bankruptcy
Do you have student loan debt in Columbus, Ohio? Are you in the process of filing for bankruptcy? If you answered yes to these questions, you may have concerns over whether or not this debt will be discharged.
Most debtors find that they are unable to discharge student loan debt through Chapter 7 or Chapter 13 bankruptcy. There are exceptions to this rule, but only in particular situations. For example, if you can prove that repaying this debt would cause undue financial hardship, the court may allow you to discharge it.
In most cases student loan debts cannot be discharged through a bankruptcy filing, however our student loan debt help service can provide the help you need. Click Here to Read More About Student Loan Debt Help
Simply put, the only way to have your student loans discharged is to prove to the court that continuing to pay would put you in a dire financial situation. There are two tests for determining if you would face an undue hardship.
Many states use the Brunner test. You can discharge student loan debt if you meet these requirements:
Poverty: The test must determine that you are unable to meet the minimal standard of living if you are required to pay back your student loan debt.
Persistence. You must show that your current financial troubles are likely to continue into the future, spanning your repayment period.
Good faith. Can you prove that you have made an effort to repay your loans?
Totality of Circumstances Test
In states where the Brunner test is not used, courts turn to the totality of the circumstances test. With this in place, the court looks at the totality of your situation, which includes income, expenses, and debt. It is then that they determine if you should have to pay back your student loans after bankruptcy.
As you can see, you should not expect to have your student loan debt discharged in bankruptcy. Even though you may be relieved of other types of debt, this will continue to follow you.
Are you concerned about what will happen to your student loan debt as a result of bankruptcy? Are you ready to move forward but need to know where you will stand when you come out the other end? This is where an experienced bankruptcy attorney can assist you.
Not only can your Columbus bankruptcy attorney explain when and how student loan debt can be discharged, but they can give you a better idea of whether you may qualify. This information can then be used as you move forward with your decision.
Posted By: Danny Worth his weight in gold
The best Attorney i had and does'nt play games and straight forward. If it can be done he will get the job done. He did damage control on another well known inexperienced law firm in columbus (clowns) messed up. Scott you're the best!
Posted By: Stephen Very Pleased
Scott Needleman is a wealth of knowledge, his service was accurate and timely. The service provided exceed the price. Thank you.
Posted By: Candice Great Lawyer
He made me feel comfortable from the beginning. I'm so glad a friend suggested him to me. He made the process as easy as possible and I can't thank him enough for his help!
Posted By: William No non-sense
I hires Scott to do a chapter 13. He was/is current with revised laws, knowledgeable, tough and looks out for his customers. And he was a boxer. YIKES!
Posted By: Winfield Chapter 7 Bankruptcy Case
Scott did a good job when I had to file for bankruptcy. He helped me eliminate my credit card debt and it only took 4 months. It didn't take the entire 6 months that I was expecting.
© The Needleman Law Office. All rights reserved.