Legal Question in Bankruptcy in Pennsylvania

I am considering filing for bankruptcy, the main reason is because I have student loans that are over 60,000 and credit cards that I have been trying to pay off for years of 15,000. I don't have the money to pay it back I'm a single mother with two children. Am I eligible to file bankruptcy.


Asked on 2/03/10, 12:49 pm

1 Answer from Attorneys
Solomon Weinstein Solomon Weinstein, Esquire

There are many considerations when filing for a Bankruptcy. changes in the law make your income and family memberes a relevant consideration. In addition student loans are generally not dischargeable in a chapter 7 unless you qualify for financial hardship which is difficult to qualify. Therefore a chapter 7 may possible only a dischage the credit cards providing you otherwie qualify and the credit card debts are unsecured. There are many variables and you should consider a consultation with a bankruptcy attorney to see if a chapter 7 and or a chapter 13 is proper for you.

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Answered on 2/08/10, 1:18 pm


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