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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 01-02-2004, 08:28 AM
mason85
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Can this debt be discharged?


What is the name of your state? Missouri

I'm considering filing for bankruptcy. But before I do, I'm curious as to what debts can be discharged and what debts cannot. I have around 6k in credit card debt which I'm sure will get discharged.

I also have about 25k in student loan debt. Now I know that normally that is not discharged. But I've also heard that it can be discharged after 7 years. If that (or something similar is the case), some of that debt is over 7 years old. Some is as young as 4 years. Would the debt from 7+ years be discharged and the younger debt not?

I want to file without a lawyer, so hopefully someone can answer this for me. Thanks!

Last edited by mason85; 01-02-2004 at 08:46 AM.
  #2  
Old 01-02-2004, 08:45 AM
mason85
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One other question


I have a car with no lein, 87 Honda, not even worth $1000 (probably closer to $500) that I use for work. Would that be an asset they might try to take? I don't have any other assets, at all.

Last edited by mason85; 01-02-2004 at 08:47 AM.
  #3  
Old 01-02-2004, 09:34 AM
planner
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That 7 years stuff regarding students loans is old law. Your stuck with it, unless you can prove it creates an undue hardship.

type; "undue hardship" "student loan" bankruptcy in google to some research.

Good luck
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