Filling BK on SallieMae Private Student Loan
Submitted by jls16845 on Sat, 07/22/2006 - 11:52am.
Has anyone had Private Student Loans with SallieMae discharged in BK. I know that Students Loans that are guaranteed by Federal/government will not be discharged but the 2 I have with them are Private Signature Student Loans. After 10-15-2005 it would not matter private or not, they would not be forgiven but I filed before New BK law went into effect. I was just wondering if anyone out there has been successfully in having loans such as these discharged in their BK. Thanks Jim
Yep, its happened.
Yep, its happened.
Prove undue hardship through Brunner or Totality of Circumstances test.
Also, there is the issue of proof that the loans were originated or insured by a non-profit trust...