Get Your Student Loans Revoked in Bankruptcy
If you are broke and you are constantly being harassed by debt collectors, filing for bankruptcy is your best bet. Many people that are under massive student loan debts face problems when they can’t pay the money back to the creditors.
If you consult with a professional bankruptcy lawyer like Chris Davis from Davis & Davis, PLLC, you will come to know that under the bankruptcy law, your student loans can be revoked if proven that you are unable to pay it. To get rid of your massive student loans, you should first start by filing for bankruptcy with the help of your bankruptcy lawyer. Then follow the steps below.
What Does The Bankruptcy Law States?
Chris Davis is a professional lawyer who will dig in the details of the bankruptcy law for the benefit of the client. According to the bankruptcy law, anyone that cannot afford to pay off their student loan can get it revoked completely.
In this case, the Brunner test applies, which implies that a person needs to prove that his/her financial conditions are poor and he/she cannot pay other utilities as well. When a person is able to prove that he/she is not able to pay back the money, then by law, his/her student loans will be cancelled.
Moreover, this test states that a person needs to prove that their financial condition will stay the same for a greater part of the repayment plan and that he/she has made genuine efforts to repay the student loan, only then his/her loan will be revoked. The effects of bankruptcy can be huge but with help of your attorney, you will be able to measure the consequences it will have.
Stay Protected From Harassment
When you are unable to pay off your student loans, many debt collectors come knocking your doors, calling your office and home, and sending out messages with threats. This can be a very stressful situation for debtors because they are under a constant fear of getting harassed by collectors.
When you file for bankruptcy, you are able to knock these collectors off your radar. By law, collectors are prohibited from harassing debtors that have declared bankruptcy. Debtors can then get their student loans cancelled and get rid of collector’s harassment.
Get In Touch With A Lawyer
Chris Davis is a bankruptcy lawyer that has helped many people get through bankruptcy and get their student loans cancelled. A legal advisor or lawyer like Chris Davis will give you vital information about the law and what comes under it. When you have filed for bankruptcy, you can get your student loans canceled if:
- You attended a bad school where you did not get proper education.
- You have a medical condition and you pay a lot of medical bills.
- You are the only one responsible for taking care of your kids.
Your financial condition is below average or poor.