Legal Question in Bankruptcy in New Jersey
I have a Sallie Mae Tuition Answer Loan. It's a Private loan, that Sallie Mae does not offer no more.Can it be discharged through Chapter 7 Bankruptcy?
Asked on 9/22/10, 6:12 am
1 Answer from Attorneys
Ellis Klein
Young, Klein & Associates
No because it is backed by the government it cannot be discharged without a showing of hardship such as severe illness, poverty, etc. All other debt would be dischargeable in a CHapter 7.
Ellis Klein
Answered on 9/27/10, 5:32 pm
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