This was originally published by the City Bar Justice Center.
Have you ever considered filing for bankruptcy to discharge your student loan debt, or wondered if that is even possible?
The City Bar Justice Center’s Consumer Bankruptcy Project has produced two videos covering this topic, thanks to the generous support of the American College of Bankruptcy Foundation.
The first video, Gathering Student Loan Information, explains how you can find out what your outstanding debts are:
The second video, Discharging Student Loans in Bankruptcy, covers the qualifications your case must meet in order for your student loans to be discharged:
Please note that these videos provide general information to viewers about discharging student loans in bankruptcy. The videos are not step-by-step guides on how to discharge these debts. It is important to speak with an experienced bankruptcy attorney to ensure that bankruptcy is the right process for you.
The City Bar Justice Center’s Consumer Bankruptcy Project (CBP) provides low-income individuals residing in New York City with pro bono legal assistance regarding their outstanding debts. To see if you qualify for assistance from CBP, please call the Legal Hotline at 212.382.7383.
There are many other helpful resources regarding this topic listed in each of the videos’ YouTube descriptions and at the end of this article.
Personal Bankruptcy Resources
- If you would like more information about filing for personal bankruptcy, please see the City Bar Justice Center Publication, “Personal Bankruptcy: Is it Right for You?”.
- The U.S. Department of Education has additional information about private and federal loans at:https://studentaid.ed.gov/sa/types/loans/federal-vs-private.
- The online database listing for Federal Student loans is the National Student Loan Data System,https://www.nslds.ed.gov/nslds/nslds_SA/.
- For information about bankruptcy procedure and forms, and to find the website for your local Bankruptcy Court, you can go tohttp://www.uscourts.gov/forms/bankruptcy-forms.
- The City Bar Justice Center’s Legal Hotline offers brief legal advice for low-income New Yorkers who cannot afford an attorney: http://www2.nycbar.org/citybarjusticecenter/legal-hotline
- To find an attorney in New York state, visit the Legal Referral Service.
- To find an attorney in other states, visit the National Association of Consumer Attorneys.
- To get a free credit reports from the three major credit bureaus, go to https://www.annualcreditreport.com.