Student Loans

March 20th, 2007 by Questions

I have student loans that are closing on 7 years age. I understand that there was some new revisions in the laws that was supposed to decrease the time from 10 years to 7 years before they can be included in a bankruptcy agreement. Can you elaborate on this? Is there a website where i can get up to date info on whether this bill is going to pass?

Questions

One Response to “Student Loans”



, A licensed trustee said:

Unfortunately, the law was not enacted. The current standard remains in force – you must have been out of school for a minimum of 10 years in order for student loans to be included in a bankruptcy.

Keep an eye on the papers, if/when the law is enacted it will be big news…

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