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If you file for bankruptcy and have student loans, those loans will probably not be discharged. This is simply because in 1998, federal laws on student lending and bankruptcies changed. Student loans were ruled to be non-dischargeable as several financial institutions were losing millions of dollars. Also when loans which were federal government guaranteed had been forgiven through banruptcy the government began losing millions of dollars too.
If you file for bankruptcy and have student loans, those loans will probably not be discharged. This is simply because in 1998, federal laws on student lending and bankruptcies changed. Student loans were ruled to be non-dischargeable as several financial institutions were losing millions of dollars. Also when loans which were federal government guaranteed had been forgiven through banruptcy the government began losing millions of dollars too.
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