Will filing for bankruptcy eliminate my student loan debt?

NJ Bankruptcy Law FAQ

Q) Will filing for bankruptcy eliminate my student loan debt?

A) Unfortunately, most student loan debts are not dischargeable under bankruptcy. There are two (2) limited exceptions to this general rule. The first exception being if the student loan was not insured or guaranteed by a governmental unit. The second exception is, if not discharged, the student loan will be extremely burdensome and impose undue hardship on the debtor and the debtor’s dependents. Each case is reviewed on its own merits and depends on its own unique circumstances.

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