Student Debt

Student Debt

Bucks County Pennsylvania Student Loan Debt Lawyer in Southampton, Havertown, Perkasie & Bucks County, PA

Southampton Bankruptcy Attorney

Years after graduation, student loan debt can continue to haunt you. Is there anyway out from under this burden?

Unfortunately, student loans cannot be discharged in bankruptcy in most cases. You can however, use the bankruptcy laws to pay back this debt through an affordable payment plan.

The Law Offices of Michael S. Schwartz has been helping people in bucks County and throughout Pennsylvania obtain debt relief through bankruptcy for over 15 years. We will work to obtain maximum debt relief for you while allowing you to keep as much property as possible.

Call 215-396-7900 or send us an e-mail for a free consultation.

How Bankruptcy Can Help You

While a bankruptcy cannot discharge student loan debt in most cases, it can provide you with other debt relief and additional cash flow that can make paying your remaining debts much easier.

The Law Offices of Michael S. Schwartz can evaluate your case and recommend the right solution for you.

Chapter 7 bankruptcy - this solution can completely eliminate unsecured debts such as credit card debt and medical debt, while allowing you to keep most or all of your property. This would allow additional cash flow to make payments on nondischargeable debts, like student loans.

Chapter 13 bankruptcy - this solution can reduce many debts and allow you to repay non-dischargeable debts like student loans over time.

Another advantage of a Chapter 13 bankruptcy is that you can defer payment of student loan debt until after the bankruptcy (usually five years). During this time, you can work to increase your income so that at the end of the bankruptcy plan, you can then afford to make monthly payments for your student loans. We can discuss your desires and work to structure your repayment plan in a manner of your choosing.

Discharging Student Loans

In extraordinary circumstances, it is possible to obtain a discharge of student loan debt. Typically, these cases involve catastrophic injury victims who are unable to support themselves. Attorney Michael S. Schwartz has succeeded in obtaining a complete discharge of student debts for a number of people in this situation. If it appears possible, our firm will work to obtain a discharge for you.

Free Consultation with a Lawyer

For a free consultation with the Law Offices of Michael S. Schwartz, call 215-396-7900 or send us an e-mail.

We have offices in Southampton, Havertown and Perkasie to serve you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.