Legal Question in Bankruptcy in California

unique question

I received a computer business certificate and a student loan in 1991. The computer business training I received is now basically obsolete, and I was never able to attain employment with the skills I learned. Now the school I attended is not accredited like community college or state college, so these courses I took are irrelevant to there system. Since 1991 I have had spells of unemployment and presently am unemployed. Can my student be discharged or lessened?


Asked on 8/30/02, 1:33 pm

3 Answers from Attorneys
Douglas A. Crowder Crowder Law Center

Re: unique question

A student loan can be dischargeable in a bankruptcy if you can convince a bankruptcy judge that it would be an undue hardship on you or your dependents to be required to repay the loan.

Read more
Answered on 8/30/02, 1:46 pm
Mark Markus Law Office of Mark J. Markus

Re: unique question

Very possibly. Check out http://www.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.html for possible options.

Read more
Answered on 8/30/02, 5:57 pm
Judith Deming Deming & Associates

Re: unique question

The facts you describe provide no basis for being released from responsibility for your student loan. There is never a guarantee that you will find employment, and/or that you will not be required to keep abreast of new developments in your chosen educational pursuit. That said, the lender may work with you in restructuring your loan.

Read more
Answered on 9/03/02, 1:07 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California