Legal Question in Bankruptcy in Illinois
student loans
I would like to know if it is possible to file on on higher education loans that have a cosigner on them?
Asked on 12/29/08, 2:49 pm
2 Answers from Attorneys
Adam S. Tracy
Securities Compliance Group Ltd
Re: student loans
Student loans are generally not dischargeable in bankruptcy. There are unique circumstances that make it possible, however. yet, with a cosignor, that person may still be liable for the balance. I hope this helps: [email protected]
Answered on 12/31/08, 8:49 am
Charles Dobra
Charles Wm. Dobra, Ltd.
Re: student loans
Student loans, as a general matter, are not dischargeable in bankruptcy. Co-signers are equally liable to pay same back.
Answered on 12/29/08, 3:29 pm
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