Legal Question in Bankruptcy in Maryland

Re: loans--are they dischargeable?

Assuming you're referring to student loans, your employment situation is irrelevant to a determination of whether the loan can be discharged. Thanks to recent legislation passed last October, most student loans are now non-dischargeable except where their repayment would cause "undue hardship"--a virtually impossible standard for most to meet.

Private bank loans, unless guaranteed by the government, are normally dischargeable.

Brett

[email protected]

http://www.erols.com/lawyer

(301) 924-4400

Brett Weiss

Brett Weiss, P.C.

18200 Littlebrooke Drive

Re: loans--are they dischargeable?

If the loan is secured, the security must be reaffirmed or surrendered or re-negotiated. If the loan is unsecured, it may dischargeable. Most student loans are not dischargeable.

Olivier Long, Esq. Telephone: 703-591-1600

Member of the Maryland Bar

Olivier Long

Law Offices of Olivier Denier Long

10500 Sager Avenue, #B