Can I get rid of student loans or tax debts in a bankruptcy?
Today, the most effective way to get relief from student loans is through a Chapter 13 repayment bankruptcy. Student loans cannot be discharged in a Chapter 7 bankruptcy. Using a Chapter 13 bankruptcy, our New Jersey bankruptcy lawyers may be able to consolidate your student loan debt into a repayment plan. This will ease the burden of possible garnishments as well as harassment from student loan agencies. Call our office today at 856-661-1010 to speak with one of our New Jersey bankruptcy lawyers on easing this burden. As for tax debts, they are generally dischargeable only if you file bankruptcy more than 3 years after you have filed a timely and accurate tax return. If your tax return had been filed late, the tax debt is generally dischargeable only if you file bankruptcy more than 2 years after filing an accurate return. However, tax matters can be complicated and it is best to contact one of our experienced New Jersey bankruptcy lawyers at 856-661-1010 or lmpesquire@comcast.net to
Today, the most effective way to get relief from student loans is through a Chapter 13 repayment bankruptcy. Student loans cannot be discharged in a Chapter 7 bankruptcy. Using a Chapter 13 bankruptcy, our New Jersey bankruptcy lawyers may be able to consolidate your student loan debt into a repayment plan. This will ease the burden of possible garnishments as well as harassment from student loan agencies. As for tax debts, they are generally dischargeable only if you file bankruptcy more than 3 years after you have filed a timely and accurate tax return. If your tax return had been filed late, the tax debt is generally dischargeable only if you file bankruptcy more than 2 years after filing an accurate return.
