Student Loan Relief with Chapter 13 Bankruptcy

A Chapter 13 Bankruptcy can substantially reduce your monthly student loan payment for 5 years!

Student loans are very much at the forefront of the News lately. Will the Biden Administration spearhead reform that will make it easier to discharge Student Loans in Bankruptcy? Will it be through Chapter 7? Chapter 13? Both? Only time will tell. But there is a certain way of getting relief from student loans through a Chapter 13 Bankruptcy.

A Chapter 13 Bankruptcy is a consolidation/reorganization of ALL your debts. You make an affordable monthly payment for 3-5 years, and at the end, most of your debts are forgiven. Student Loans are included in the monthly payment! (Although they won’t be forgiven at the end.)

For example:

-        You owe $500/mo in student loans

-        You owe $25,000 in credit card debt

-        You owe $5,000 medical debt

-        You could pay as little as $75/mo for 5 years to resolve all that debt! At the end of the 5 years, ALL your credit card and medical debt would be forgiven (discharged). You would still owe the balance of your student loans. But the point is: You would eliminate $30,000 in other debt, and not have your $500/mo student loan payment, and you only would have to pay $75/mo!!

As you can see from the above example, a Chapter 13 Bankruptcy can be a very powerful tool to solve your budget problems!

This is just another example of the amazing benefits of Bankruptcy. To find out how a Bankruptcy can help you, call/text/email attorney Lucas Ruffing to schedule a FREE consultation (only takes about 20-30 minutes).

-Lucas Ruffing, Attorney
740-815-1114
LucasRuffingLaw@gmail.com