Legal Question in Bankruptcy in Massachusetts
I have student loans that i'm unalble to pay. I 'm past due and am closing in on default. I need to know my options. all of them.
can i negotiate to get the accumulated interest off, can i negotiate a lower monthly payment? can i comsolidate again throug hany program that would help?
1 Answer from Attorneys
Student loan companies can be difficult to negotiate with, because they have federally protected rights in the bankruptcy context. That is to say, student loan debt is not dischargeable in the same way, or as easily as say, credit card debt.
Obviously, you could file for a forbearance, or if possible - a deferment - here's a link that may provide a good starting place for you as you begin researching what to do: http://www.nolo.com/legal-encyclopedia/article-29791.html
If you are past that point, and really are ready to file bankruptcy, contact me, and I will do what I can to help.
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