Riverside Student Loan Debt Attorneys
We Will Vigorously Work to Reduce Your Student Debt
If you are feeling overwhelmed because you are drowning in student loan payments that continue to accumulate high interest fees every month, then please get in touch with our knowledgeable lawyers at The Kostopoulos Bankruptcy Law so we can assess your situation and help you explore the many options to obtain debt relief and regain financial stability.
Student Loan Cases We Handle for Clients in Riverside
We are familiar with a wide range of debt issues that impact consumers, and our top-notch lawyers are equipped with the resources and practical experience that you need to take on any of the following student loan cases:
- Federal Student Loans: Although federal loans are closely regulated, our legal professionals can review the details of your case to determine the best strategy for resolving your debt.
- Private Student Loans: These types of loans are much different than federal student loans and have limited options for repayment. Consult with us today if you need help negotiating new terms for repayment.
Does Bankruptcy Cover Student Loan Debt?
If you file for bankruptcy, it might be possible to obtain a partial or full discharge federal or private student loan debt, however, it can be extremely difficult to discharge student debt because you must prove undue hardship to qualify. Essentially, you must explain to the court why you cannot feasibly repay your loans.
Reasons that might qualify for undue hardship include having a disability or medical issue that is preventing you from working, living on a fixed income without the possibility of a salary increase, or family-related issues that are keeping you from earning a living. If you want to attempt to discharge your student loans through bankruptcy, you need to file a formal complaint with the bankruptcy court and prove that repayment would cause undue hardship to you.
How Do I Prove Undue Hardship?
In order to prove undue hardship, you need to prepare a compelling case with extensive documentation of the financial hardship you have experienced. The following documents can be used to establish undue hardship:
- Medical records and bills if you have a disability or medical condition
- Bank statements
- Credit card statements
- Tax returns
- Documentation showing you made previous attempts to pay off your loans
- Necessary expenses such as food, clothing, household maintenance, etc.
How Can I Reduce My Student Loan Debt?
Reducing student loan debt can be more complicated than discharging other forms of debt, which is why it is a smart strategy to consult with an experienced lawyer who can assess the details of your case and determine if it is possible to reduce your student loan payments outside of bankruptcy. Although your student loan debt might feel like a burden, you have options available to you. For example, if you have been the victim of unfair practices by your lender, such as breach of contract or fraud, then we can help you raise defenses against the creditor’s Proof of Claim. If successful, you will owe nothing on your debt.
Contact Our Student Loan Attorneys for Legal Guidance
Our legal professionals are committed to helping clients in Riverside obtain relief from crippling student debt. Consult with The Kostopoulos Bankruptcy Law to discuss the details of your case so we can address your concerns and ensure that your rights and interests are fully protected.