FAQ

Frequently Asked Questions: Bankruptcy is a legal process that gives individuals in financial difficulty and opportunity to have a fresh start. To qualify for bankruptcy, an individual must owe at least $1,000 and not be able to meet his or her financial obligation as they become due.

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Are student loans included?

If the last day you attended school was more than ten years before your date of bankruptcy, the debt may discharged with your bankruptcy.

If the bankruptcy occurs less than ten years from your last day at school, the debt will not be discharged but because of the stay of proceedings the creditor will not pursue the debt during the course of the bankruptcy.