Can a Bankruptcy Help Me if I have Student Loans? (Part 1)

The following is Part 1 of our Two-Part series addressing the impact of bankruptcy on studen loans.

If you’ve spent any time looking up bankruptcy information on the internet, you’re aware that student loans generally are not dischargeable in bankruptcy.  The reason that student loans get special treatment in bankruptcy law arose from news stories in the 1970s reporting that supposedly a flood of students who had just earned their degrees would be filing bankruptcies to discharge their student loans before they started earning “real” money.  From what I know, I don’t think that every really occurred, at least not to the extent that was publicized.