Home Q&A Forum Can I file for bankruptcy if I have multiple outstanding student loans?
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Bankruptcy

Debt Agreement

California

Asked on Jan 4, 2025

Can I file for bankruptcy if I have multiple outstanding student loans?

I am currently facing financial hardship due to a combination of medical bills and job loss, and I am finding it increasingly difficult to keep up with my monthly expenses, including my outstanding student loans. I have heard that bankruptcy can provide some relief for individuals struggling with debt, but I am unsure if student loans are eligible for discharge under bankruptcy proceedings. I would like to know if it is possible for me to file for bankruptcy and have my student loans included in the discharge, or if I will still be responsible for repaying them after the bankruptcy process is completed.

Answers from 1 Lawyer

Answer

Bankruptcy

California

Answered 600 days ago

Phillip Z.

ContractsCounsel verified

Business Lawyer
Licensed in California, Texas
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Member Since:
December 28, 2024

Yes, it's possible to file for bankruptcy with student loans, but the petitioner must demonstrate a higher level of hardship compared to other debts. As is often the case in legal matters, the specific details and circumstances will play a crucial role.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
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