St. Louis Student Loans

Although Student Loans Cannot Be Discharged, You Still Have the Option of a Chapter 13

Filing a St. Louis bankruptcy when you owe a great deal of student loan debt can often give you the relief you need. But understanding what your rights and options are is very important, which is why it is so very important to discuss the matter with an experienced St. Louis bankruptcy lawyer.

Only $300 in Upfront Fees to Start a Chapter 13

One of the unfortunate things about the filing of a Missouri bankruptcy is that student loans cannot be discharged. The government has decided that this kind of debt is too fundamental an obligation, and therefore should not be dischargeable. However, that does not mean that there aren’t options that include a bankruptcy filing.

We Can Make Sure Your Student Loans Are Put off for up to 5 Years

When a St. Louis Chapter 7 bankruptcy is filed, all of your unsecured debt (like credit cards, medical bills, payday loans, insufficient funds from a bank account, etc.) are all knocked out for good. Once these debts are taken care of, you will generally be in a much better position to pay on the student loans. In fact, the student loan companies will likely be more willing to work out some sort of a payment arrangement that is suitable to your income and finances after the bankruptcy is filed.

But sometimes the best course of action is to file a St. Louis Chapter 13 bankruptcy when student loans are an issue. A Chapter 13 is a repayment plan over the course of three to five years, during which time certain debts are paid back. In such a situation, the student loan company would receive a monthly payment, but these payments are usually far less than what someone is currently paying. This in turn gives you more breathing room in which to budget your other expenses. At the end of the Missouri Chapter 13 plan, your other unsecured debts are typically discharged, and you will be on your way to a fresh start / clean slate.

Regardless of which chapter of bankruptcy is filed, the St. Louis bankruptcy attorneys at The Bankruptcy Company will be prepared to offer you expert advice, and set you on a path towards a better financial future.

Client Reviews
I contacted The Bankruptcy Company for a speeding ticket. The service they provided was excellent and affordable. After emailing them a copy of the ticket, they they took care of everything else. I have referred several friends there, and they all have had the same experience. I highly recommend them. Ann Schrodt
All I'm gonna say is, if your using this office, Jennifer P. Alter gets things done, answers questions, e-mails quickly & professionally .... totally recommend her .... SHE ROCKS!! Andre Valentini
I've used this firm twice, both for speeding tickets. Both times it was zero hassle: just a matter of giving them the ticket. I've also recommended them to my friends, who have had the same experience. (My friends and I speed a lot.) Highly recommended. I'm sure I'll be back. David Rieken