Re: Where to begin? Or am I doing all I can?
01-29-2013 09:27 PM
Federal loans "can" be discharged, but it's very rare that it's done. The BK code does provide for this, but you must prove that paying them would cause undue stress and hardship on your living conditions.
In the end, BK isn't going to help, with the judgement and student loans in the picture. Sure, I can Chapter 7 everythign away, such as the car loan that's not been paid, credit cards, but all told, when the BK is done, the student loans will continu to ruin things. Making it just as difficult to come out of as it is now... and the judgement doesn't go away.
That is the unfortunate reality of my situation.