Going Back to School – Can I Still file for bankruptcy on a student loan?

August 9th, 2007 by Questions

I hope to begin a new program of study in Jan 08 and I will have been out of university since 1998 and need to file banruptcy on my student loans. I will be attending a private college. I will not be obtaining loans to attend this college. Will this interfer with my application?


One Response to “Going Back to School – Can I Still file for bankruptcy on a student loan?”

, A licensed trustee said:

I’m sorry, are you asking if going back to school will interfere with your bankruptcy, or are you asking if your bankruptcy will interfere with going back to school?

If you want to know if filing for bankurptcy will interfere with school then I suggest you speak to some one at the school. I can’t see any reason why it would, but only the school can tell you for sure.

If you want to know if returning to school may cause problems for your bankruptcy – well, it may. IF for some reason you do not complete all of your required duties during your bankruptcy and you end up in Court, the Registrar may ask some specific questions about your student loans and your decision to return to school while in debt. If you file you want to make certain you discuss the issue of your student loans and returning to school with your trustee first and then you want to make doubly sure you do everything that is required of you during the bankruptcy so that you don’t end up in Court.

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