Student Loan Debt and Bankruptcy in New Jersey

Students across the country have had to take on more and more debt in order to finance their educations. Many struggle with their student loans and find they are unable to make the loan payments while also paying for life's other expenses. This leads graduates to consider bankruptcy as a way to get out from underneath the debt burden.

Under current law, student loan debt cannot be eliminated through bankruptcy, except under extreme circumstances. However, at the Law Office of Benjamin J. Ginter, in Union County, we encourage you to explore your legal options for debt relief, because bankruptcy may indeed be a viable way to deal with your other debts and regain control over your financial life.

I am Cranford attorney Benjamin Ginter, and I have more than 10 years of experience in the bankruptcy field. I am committed to helping my clients find ways to restart their financial lives. I can evaluate your situation to determine if perhaps your student loans can be dealt with in bankruptcy, and even if they are not, I can still assist you in getting your other debts under control.

Understanding How Bankruptcy Works With Student Loan Debt: Extreme Financial Hardship

There are two possibilities when it comes to bankruptcy and student debt in New Jersey:

  • If you can demonstrate extreme financial hardship, then you would qualify for a discharge of student loan debts through bankruptcy. The hardship must truly be extreme, such as a permanent disability that renders you unable to work.
  • If you cannot demonstrate such hardship, your student loan debt cannot be discharged. However, if you have significant other debts, such as credit card or medical bill debt, you may be able to file for either Chapter 7 or Chapter 13 bankruptcy to deal with those debts.

My Union County law firm is committed to finding the right solution for you. Through open and honest communication, I can help you create a plan that fits your specific needs and leads you forward into a brighter future.

Contact a Cranford Lawyer to Discuss Student Loan Debt Relief

I offer a free initial consultation at my office in Cranford. To arrange a meeting, please call me at 908-418-4084 or send me an email. I represent people in Union County and throughout New Jersey.