What happens to my student loans if I file for bankruptcy?
To put it simply, yes. Whether your loans were issued by a private company or a federal agency, they are typically considered secured debts. This is another way of saying that they cannot be discharged by bankruptcy. You will still be liable for repaying these debts.
However, bankruptcy can help you deal with other debts, which will make it far easier to repay the ones that cannot be discharged. To discuss your options with an experienced Arizona bankruptcy attorney, contact the Harmon Law Office, LLC at 480-829-0494.
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