Due to Hurricane Ian, our office will be closed this Thursday, September 29th. Please contact us at 813-699-4911 for any questions or concerns.
Student Loans

Understanding Student LoansUnderstanding Student Loans

Explanation of Your Rights to Reduce Debts

Unfortunately, student loans are not dis-chargeable through bankruptcy. Instead, individuals normally have to pay back their student loans in full. If you need to repay student loans, then you should talk with a skilled bankruptcy attorney at The Golden Law Group right away to receive information about debt reduction.

Reach to the Golden Law Group online or call (813) 699-4911 to a free initial consultation!
We serve clients throughout Tampa and Brandon.

Chapter 13 Bankruptcy & Student Loans

If you choose to file for Chapter 13 bankruptcy, you can organize the student loans you owe into a consolidated repayment plan. Your plan can be paid over the next three to five years. For many struggling debtors, this may help to reduce the pressure of regular payments on your loans.

Putting your student debt into a repayment plan can also help you to reduce the costs of penalties and interest that would accumulate over the normal length of the debt. Without accruing interest, you could save thousands of dollars! Using this approach, you can ultimately set yourself up for the best possible recovery after a financial setback.

Undue Hardship Exception

There is an exception that exists regarding the rule of not discharging student loans. If you can demonstrate that it would be an undue hardship to pay your debts, then you may be able to get them discharged.

Some courts utilize the Brunner test to determine whether or not they should discharge student loans, which includes the following factors:

  • Poverty - based on current income or expenses, you cannot maintain a minimal standard of living for yourself and your dependents if you are forced to repay the student loans
  • Persistence - whether or not your current financial situation is expected to extend into the future
  • Good faith - you have demonstrated good faith in an effort to repay your student loans

Most courts are reluctant to authorize the discharge of student loans. You may have a chance if you can show evidence that you have very low income or your loans are from a for-profit trade school.

Want relief? Contact The Golden Law Group today.

Talk with a board-certified Brandon bankruptcy attorney at The Golden Law Group if you are interested in more information. With the right attorney there to help you, you will be able to determine the best approach to handling your student loan debt.

Call the firm to get a board-certified bankruptcy law specialist on your side and receive a free, initial consultation! We have convenient locations in Tampa and Brandon.

Get a Free Copy of Our Book

"Bankruptcy in Florida, by G. Donald Golden" answers some general bankruptcy concerns, such as: How do I know if I should file for bankruptcy?"

Life Changing Stories

Our Former Clients Share Their Experiences
  • “Top notch company, Elyssa Harvey is simply the best. My situation was a little tough but she was determined to get it done. Thank you for everything, I finally have a fresh start and better educated, ...”

    - jay thomason
  • “We simply can't say enough about Brandon Law Group, they took us through an overwhelming and stressful situation step by step effortlessly. Elyssa Harvey and all the staff are the best. If you have a ...”

    - Mike and Andrea Murray
  • “I called the Golden Law Group when I found myself drowning in debt and facing foreclosure of my home. I was scared and filled with anxiety but almost as soon as I walked into the office for my ...”

    - Donna Robbins
  • “I was more than satisfied with the work that attorney David Bromley ,Jessica and the whole staff did. They always had time to answer my questions . They were thorough and very effective . I give them ...”

    - Sheryl
  • “My business, it's Golden, started in Tampa FL and ended in York, PA. In the 5 years working with them, Every single time I called for assistance, I was able to speak with someone immediately. I don't ...”

    - Denise W.