Any bankruptcy attorney must have a sophisticated understanding of bankruptcy law to deal with student loan and tax debts. Until October 1998, student loans were discharged through Chapter 7 bankruptcy if the first payment on the loan became due more than seven years prior to the date of filing. In October 1998, President Clinton signed a new law into effect that disqualified all student loans from discharge. Legal Helpers can still help you obtain relief from your student loan debts through the use of Chapter 13. Under Chapter 13, our attorneys can consolidate your student loan debt, along with any other outstanding bills, and arrange an interest free repayment plan, so that you do not have to suffer through the burden of garnishments, harassment and other collection efforts by student loan agencies. We may even be able to reduce the amount paid to the student loan agency during the course of your Chapter 13 so that your consolidation payment is as low as possible. If you would like to find out more about how Legal Helpers can ease the burden of student loan debts through the use of Chapter 13, call toll-free at 1-888-7-HELP-US to speak directly with a Legal Helpers attorney.
Tax debts are generally subject to discharge only if you file bankruptcy more than three years after you file a timely, truthful tax return. If your return is filed late, the taxes are generally discharged only if you file bankruptcy more than two years after filing a truthful tax return. Of course, these are general rules and you should speak with a Legal Helpers representative who will perform a detailed analysis of these issues.
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