Chapter 13 Bankruptcy and Student Loans
Indianapolis Bankruptcy Lawyers Provide Guidance
If you are unable to make your student loan payments because of other bills, you will need the help of an Indianapolis bankruptcy attorney from our firm. We understand that the juggling act of paying your bills can seem overwhelming and may only get you further into debt. In most circumstances, student loans are not dischargeable through bankruptcy.
Even if you file, you will be required to pay back your student loan in its entirety. By filing Chapter 13 bankruptcy, we can help you make your student loan payments affordable while obtaining control of your finances. Our Indianapolis bankruptcy lawyers at Jackson & Oglesby Law LLC can help you gain control of your student loans.
Obtain Control of Your Student Loan Debt
At our firm, we help people throughout the Indianapolis metro area file for Chapter 13 bankruptcy. When you petition the court for bankruptcy, an automatic stay is filed on your behalf. Creditors are then prohibited from attempting to collect student loan debt throughout the legal procedure. Your wages cannot be garnished during this time, and you will not receive harassing phone calls.
Also, your student loan debt will be included in your repayment plan; therefore, a percentage of the payments you make will go toward your student loan debt. When you have completed your Chapter 13 bankruptcy, your finances can get back on track and organized in a way that allows you to continue making student loan payments.
Discharging Student Loan Debt
In some rare situations, student loan debt can be discharged. If you are unable to pay due to a financial hardship, such as a permanent disability that prevents you from working, you can possibly get your student loan debt discharged. At Jackson & Oglesby Law LLC, our bankruptcy lawyers can help you through the entire bankruptcy process. We can find you an affordable monthly payment to fix your finances and then provide you with the resources to continue making student loan payments.
If you are ready to learn more about gaining control of your student loan debt, contact our firm! We can help you file a Chapter 13 bankruptcy and also offer free bankruptcy evaluations. As a debt relief agency, we are committed to helping clients get their fresh start.