Legal Question in Bankruptcy in California

student loans/taxes

Are student loans and federal and state back taxes (including inter est and penalties) dischargable under Ch. 7?


Asked on 4/07/98, 2:08 am

1 Answer from Attorneys

Mark Markus Law Office of Mark J. Markus

Student Loans/Taxes REPLY

Your questions cannot be answered without a good deal more facts. I suggest you visit my web page (address below) and follow the links as it does answer your questions in better detail. Basically, student loans are dischargeable if they have been in repayment for at least 7 years (not counting forebearances or consolidations). Taxes are generally dischargeable if they are over 3 years old and the returns were filed on time. Both of these answers are subject to numerous exceptions, so I advise you to consult with an attorney before doing anything. If you would like I would be most happy to assist. Just give me a call after you have visited my web page. Good Luck, Mark

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Answered on 4/17/98, 9:31 pm


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