You Cannot Discharge Student Loan Debt and College Loans in Bankruptcy


COVID-19 has changed the landscape of Bankruptcy Law in Illinois. Robert J. Adams & Associates remains open to assist you through these challenging and confusing times. We are offering Remote Filings to Facilitate Our Clients.

$0 Up-Front (no down payment)* Your case can be filed almost immediately. Coming to the office is your choice. Many cases filed over the phone and/or by video For Immediate debt relief Call now: (312) 724-5650 *We advance the filing fee for qualified wage earners.

Robert J. Adams & Associates

Student Loan Debt

One of the most common questions we get is whether student loans are dischargeable. And we have to be the bearer of bad news — no, you cannot get rid of school loans in bankruptcy. Only in very rare cases of “undue hardship” can student loans be forgiven.

Bankruptcy May Still Be Part Of The Solution

The average college graduate is saddled with $30,000 in student loans. You probably also have rent or a mortgage, a car payment and other monthly expenses. It is not uncommon for recent graduates to make ends meet by relying on credit cards or payday loans. You can only defer your student loan payments so long before you begin to accumulate interest and penalties. Soon the collection agencies get involved.

You cannot discharge federally guaranteed college loans in bankruptcy. However, many of your other debts, including credit card balances and traffic fines, can be eliminated or reduced through Chapter 7 or Chapter 13 personal bankruptcy.

Let’s Discuss Your Debt Portfolio

If you have taken on a student loan, managing your finances may be difficult with the loan. Although college loans and student loans are not dischargeable in bankruptcy, there may still be a solution. Call Robert J. Adams & Associates in Chicago, IL to discuss your financial issues with our experienced debt relief and bankruptcy attorneys. We have offices located in Waukegan and Lake County, Illinois and we also help clients in surrounding areas. We have experience aiding people with bankruptcy, debt relief, foreclosures, repossessions, paycheck garnishments, collections suits, payday loans, parking tickets, license suspensions, income tax problems and much more. Call (312) 724-5650 today to speak to our experienced bankruptcy lawyers and find a solution to eliminate your student loans and college loans in Chicago, Illinois.

Call For Your Complimentary Consultation
(312) 724-5650