Can Federal student loans issued by the government survive bankruptcy?
Asked by ScoobyDooIf u took out a huge loan to attend a school and the school turns out to be a scam trade school can u declair bankrutpcy ? If too much time has passed to file any suits under the statues of limitations, etc...Will the loans survive?
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Answered by debbie_75052
Since this is a government loan, the chances of that loan being dismissed are nil to none. The government is going to want its money one way or the other especially if it is a big loan. More than likely they will garnish your wages and claim your income tax refund. I would consult with a bankruptcy attorney, even if you don't use one to file your claim for bankruptcy because I'm not 100% sure.
Since this is a government loan, the chances of that loan being dismissed are nil to none. The government is going to want its money one way or the other especially if it is a big loan. More than likely they will garnish your wages and claim your income tax refund. I would consult with a bankruptcy attorney, even if you don't use one to file your claim for bankruptcy because I'm not 100% sure.
