Legal Question in Credit and Debt Law in Wisconsin

Tuition which is owed to a university is likely to be treated in the same fashion as a student loan. That means possible account levy (garnishment) without the need for a formal lawsuit, nondischargeability in bankruptcy, and all the other "dark side" aspects of student loan debt. Most normal protections go out the window. However, they usually will abide by a chapter 13 stay and accept payments if you cannot work anything out on your own with them. There is also a new income based repayment option available for student loans which are not yet in default status (or which can be reinstated). These are often an extremely attractive option if you can do it, otherwise, you may be left trying to demonstrate in bankruptcy court that the loans present an undue hardship. That is an extremely difficult battle to win. Answering this question here does not make me your attorney, but you can reach my office in Racine (262-633-3090 or [email protected]) for clarifications. See me on the web at www.jayknixonlaw.com. View over fifteen years of my past answers at http://www.lawguru.com/answers/search/attorney/jknixon. Answers may contain attorney advertising materials.