Every bankruptcy case is unique, and understanding the nature of each debt can make a meaningful difference in the outcome.
In this case, Attorney Joshua Peterson successfully helped a client eliminate more than $40,000 in debt, including approximately $20,000 in student loans and another $20,000 in unsecured debt.
While many people assume that all student loans survive bankruptcy, that is not always the case. Here, the student’s loans were issued by a non Title IV educational institution. Because they did not qualify as protected educational loans under the Bankruptcy Code, they were treated as ordinary unsecured debt and were discharged along with the client’s other eligible debts.
This case highlights an important point: the details matter. The type of loan, the school that issued it, and the applicable law can all affect whether a debt is dischargeable in bankruptcy.
Attorney Joshua Peterson carefully evaluated the client’s circumstances and identified an opportunity that allowed these student loans to be discharged, providing the client with a meaningful financial fresh start.
If you have student loan debt, it is worth having your loans reviewed. Every case is different, and understanding the specific nature of your debt may reveal options you did not know were available.
Every case is unique. Results depend on the specific facts and circumstances of each case, and past results do not guarantee future outcomes.
