My daughter has been disabled for several years and receives permanent disability benefits. She has student debt of $13,000. She was refused loan insurance because she is unable to pay the $135 monthly installments. She has no assets. Normally, student debt can be discharged through bankruptcy if it is more than seven years old. This deadline will pass in several months, and she doesn't really have the means to pay her debts by then. Would her disability status allow her to expedite this deadline?
If your daughter graduated more than seven years ago, bankruptcy would free her from this burden.
The cost would be $100 per month for 18 months.
It's best to wait until the full seven years have passed. Otherwise, after the bankruptcy, your daughter will have to ask a judge to be discharged from her student loan, which is more complicated and expensive.
The cost would be $100 per month for 18 months.
It's best to wait until the full seven years have passed. Otherwise, after the bankruptcy, your daughter will have to ask a judge to be discharged from her student loan, which is more complicated and expensive.
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