Legal Question in Bankruptcy in California
Dischargeable student loans
Can I discharge a law loan (LSL) owed to xxxxx Insurance Corp. which was made less than seven years ago?
Asked on 12/02/97, 2:38 pm
1 Answer from Attorneys
Mark Markus
Law Office of Mark J. Markus
Dischargeable STudent Loans
If the repayment on the loan has been less than 7 years the only way to discharge it is if you can prove undue hardship in repayment. This would be done by filing a complaint under section 523 within the 60 day period following your initial meeting of creditors. You would have to prove at trial all the required elements for undue hardship.
Answered on 12/03/97, 12:49 pm
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