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Government insured student loans are exempt from the Bk process. They must be paid. However, they will not collect money from you until the bankruptcy is dismissed or discharged, but it will still accrue interest during that time.

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Q: How does bankruptcy affect student loan wage garnishment?
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Will private student loan companies go after a cosigner if you file for bankruptcy?

Gov't backed student loans are exempt from BKruptcy....they will come after you thru tax refunds or garnishment.


What is meant by student loan bankruptcy?

Student loan bankruptcy happens when a student has not been a student for the last 7 years and declares bankruptcy. For more information please contact a student loan office.


Student loan after bankruptcy?

You pay it.


Can you file bankruptcy for your student loans and keep your house out of it?

If the student loan is a federal loan and not a private loan then the answer is no. Federal student loans can not be included in bankruptcy, you will always be responsible for repayment of FEDERAL student loans.


An you get a student loan after bankruptcy?

In the US, yes


What are the Texas garnishment laws?

If it's a federally-guaranteed student loan, they can do administrative wage garnishment in ANY state.


Can you apply for a student loan after a filing for bankruptcy?

Only if the bankruptcy is currently discharged.


In Florida can a student loan be rehabilated once wage garnishment has began?

No, it cannot.


What is an undue hardship petition?

This is a petition filed by a student loan debtor in 2 circumstances: 1) to appeal administrative wage garnishment on the grounds that is poses an undue hardship to the borrower or their Dependants, or 2) an adversary proceeding in bankruptcy court where a debtor attempts to prove that their student loans should be permanently discharged because repayment would cause undue hardship to them or their Dependants. Under both circumstances, the borrower bears the burden of proving that exceptional financial hardship make them temporarily(for the first) or permanently(for the latter) unable to make the minimum payments required by their student loan agreements. Please search "administrative wage garnishment" and "student loan bankruptcy" for more info applicable to you.


Can you get a student loan if you have filed bankruptcy?

I am trying to figure this out myself as I have recently filed bankruptcy and both my husband and I are students. There is a portion of the bankruptcy code that makes it illegal for government agencies to refuse student loans to those who have filed bankruptcy. So, as far as getting Title IV funding, such as government backed loans, you should still be able to get them. Title IV loans are not granted based on credit worthiness and therefore should be given to those who have filed banlruptcy, as long as there are no other eligibility issues, such as a student loan in default, drug conviction, etc. If you want to get a loan from a private lender, then they are under NO obligation to give you a student loan if you have filed bankruptcy or have other credit problems. For example, the Plus! loans that are available to parents are based on creditworthiness, so a bankruptcy would affect your ability to get this type of loan. As far as my student loan after bankruptcy, I did have to fill out additional paperwork and am still awating the results. I will post again after I find out what happens.


How can wage garnishment for a student loan be stopped?

AnswerGenerally once the judgment has been executed as a garnishment it will run until the debt is paid. In many states a creditor must return to court every 60 or 90 days to renew the garnishment order.The necessity for renewal does not apply to wage garnishment for federally funded student loans.I know of one company that can get a garnishment lifted and restructure a defaulted student loan with a low manageable payment, the company is www.defaultms.com


Will bankruptcy remove government loan debt?

Student loans, no. A SBA type loan...probably