For many Americans, student loans are a source of considerable anxiety and uncertainty. Unfortunately, some people in this position do not understand their options or have any idea of which steps to take next. However, in Tampa, Florida, and throughout the country, it is very important for anyone who is struggling with overwhelming debt to closely review their situation and do everything they can outline the best path forward. While some people may feel hopeless with regard to their student loans, they could be able to enjoy the peace of mind that comes with tackling debt and should try to address their student loans as soon as possible.
According to the Higher Education Services Corporation's website, student loan debt usually can't be discharged by filing for bankruptcy. However, if someone can prove that repaying their student loans would cause an undue hardship, they may be able to discharge their student loan debt in a Chapter 7 or Chapter 13 bankruptcy. Although it isn't impossible, discharging student loan debt by filing for bankruptcy can be complicated and HESC recommends that people talk with an attorney to understand how filing a bankruptcy petition could have an impact on their student loans.