Shool Loans

[RichardO]

My daughter is going to file bankruptcy. I understand that her Goverment student loans must be listed and would not be discharged. She also took out private loans with school. Would these be discharged in bankruptcy? And would this have an effect on her future student loan requirements. After 3 years she has deceided to finish school and she will need to take out more loans.

[Minnymouth]

Most govt student loans are not included in BK. Even private school loans may apply also, but you need to check on that.
More than likely if she defaults on student loans since they are not part of her BK, she probably will never qualify for student loans again. Unfortunately.
She might check into have her student loan payments lowered to fit within her budget (they would probably work with her if asked). This would preserve her the opportunity for future loans.
Good luck

[RichardO]

Student Loan

Her goverment loans are current. When she applied at the school being that they are private school she had to get private money from school. How would I find out if these are discharable? We keep getting calls from private collection agency on them?

[Minnymouth]

Maybe HHM or Todd can help you with this...Or possible you need consultation with a BK attorney (won't cost you anything).
Quite possible since they are from a private school they may be dischargable.
Good luck