Explore the complex process of discharging student loans in bankruptcy, the undue hardship standard, bankruptcy types, and ...

President Donald Trump has announced plans to start collecting payments for defaulted federal student loans starting in May.

This means proving that after covering essentials like rent, groceries, utilities, and healthcare, there's nothing left for loan payments ... that's the kind of long-term hardship they're looking ...

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking ...

"Most bankruptcy attorneys do not pursue a discharge of student loans because the undue hardship restriction is such a harsh standard," Mark Kantrowitz, publisher of FinAid.org, recently told Your ...

“You can also get rid of it (student loan debt) in bankruptcy, if it’s an undue hardship,” Cohen told me. As concerns a mortgage application, none of these solutions erase the previously ...

Yes, you can file for bankruptcy on student loans. But to successfully discharge the debt, you will need to show that repayment poses an undue hardship. Because the bankruptcy code does not define ...

Although student loans aren't commonly discharged in bankruptcy, it's possible that payments cause undue financial hardship. Courtney Johnston is a senior editor leading the CNET Money team.

It is possible to file for bankruptcy ... student loans, ensure you begin a petition for an adversary proceeding. Here, you can have your loans discharged on the condition you prove undue hardship.