@StartingOver10 wrote:
It is my understanding that no student loans are dischargeable in Bk at all unless you go through an adversary proceeding in the Bk. Even then, it is very rare.
Here is a link with a little more info: http://www.nolo.com/legal-encyclopedia/private-student-loans-bankruptcy.html
As to just allowing the loans to charge off it won't affect the ability of a collections agent to continue to try to collect the loan. Why don't you visit the student loans section here to see what you need to do to get back on track? http://ficoforums.myfico.com/t5/Student-Loans/bd-p/studentloans
I will have to let one of the others answer about getting a mortgage while your student loans are in default. I don't think you can get a mortgage while your student loans are in default at all, but others will know better.
Actually, they started out not accepting bankruptcy, and we're going to garnish government benefits (which they can do). Got a pro bono bankruptcy attorney, met with the attorney for government several times, and discharged for disability, hardship (letter was sent). Must prove did not use any of education (earned money in different industry), and permanently disabled (no brainier, since condition started while still in college, 84, started disability backdated to 96, continued within three years of returning to work, because full time work worsens my condition). Doctor reports are analyzed. But when the representative saw the veracity of movement disorder, it was tough, but a lot easier than some.
There are exceptions, but disabled can have loans discharged. Process done in 2003/2004. Otherwise, bankruptcy does not discharge student loans.
Signature needs updating
