Bankruptcy Lawyer Wellsville UT

bankruptcy attorney Wellsville Utah

Will My Student Loans Be Forgiven If I Declare Bankruptcy?

Filing for bankruptcy does not automatically discharge all your debts, including student loans. However, you can discharge non-priority debts in bankruptcy. Student loans are one of these types of debts, and therefore they are hard to discharge. There are several ways to overcome this problem, including bankruptcy, but there are also many things you need to keep in mind before filing for bankruptcy.

Discharge of non-priority debts

When you file for bankruptcy, you can choose to discharge some debts and keep others. Non-priority debts include credit card bills, medical bills, and student loans. Unlike other debts, however, they are treated differently in bankruptcy and, for most people, will remain after the bankruptcy.

Most unsecured debts are dischargeable under bankruptcy. Depending on the type of bankruptcy you file, you may be able to discharge some or all of them. This will depend on the priority of the debts. Most non-priority debts are credit card bills, medical bills, and personal loans. Student loans are also a major problem in the United States.

The cost of filing a bankruptcy case for student loans

Filing a bankruptcy case for student loans can be expensive. Attorney fees, filing fees, and other costs can add up to thousands of dollars. In some cases, however, the student-loan debt can be discharged through bankruptcy without any out-of-pocket costs. If you need help with the case, you can contact a legal aid organization in your area. Students can also look to consumer-advocacy groups for advice and help.

Filing for bankruptcy for student loans is an option only if the amount you owe is more than you can pay each month. In other situations, you may be able to pay a reduced monthly installment because of income-based repayment plans. In these cases, your monthly payment reflects how much money you earn and are able to pay.

Alternatives to declaring bankruptcy

Since the 1970s, there have been concerns about the abuse of the bankruptcy system by student debtors. Legislators and journalists feared that law and medical students would use the bankruptcy process to avoid paying their debts after graduation. But there are many alternatives to declaring bankruptcy.

Bankruptcy isn’t the only option for borrowers in trouble with their student loans. Federal loan deferments and forbearance can help borrowers temporarily delay or stop making payments without damaging their credit. Other options include income-driven repayment plans that tie payments to a borrower’s discretionary income. Although interest will still accrue, these options allow borrowers to lower their monthly payments. In addition, some borrowers may qualify for an administrative or automatic discharge of their federal student loans without ever appearing in bankruptcy court.

If you have any questions, you can get a free consultation with the Best Attorneys in Utah.

Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506


When you need a Bankruptcy Lawyer, contact this law firm:

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Real Estate Attorney

Probate Lawyer

Estate Planning Attorney

Child Custody Lawyer

Divorce Lawyer

Business Lawyer

Ascent Law LLC St. George Utah Office

Ascent Law LLC Ogden Utah Office

Directions from Orem Utah to Ascent Law LLC West Jordan Utah

Directions from Holladay Utah to Ascent Law LLC West Jordan Utah

Directions from Vivent Arena Salt Lake City Utah to Ascent Law LLC West Jordan Utah

Wellsville, Utah

From Wikipedia, the free encyclopedia

Jump to navigationJump to search

Wellsville, Utah
The Wellsville Tabernacle, an early Latter-day Saint meetinghouse

The Wellsville Tabernacle, an early Latter-day Saint meetinghouse
Location in Cache County and the state of Utah

Location in Cache County and the state of Utah
Coordinates: 41°38′8″N 111°55′59″WCoordinates41°38′8″N 111°55′59″W
Country United States
State Utah
County Cache
Founded (as Maughan’s Fort) 1856
Named for Daniel H. Wells

 • Total 7.28 sq mi (18.86 km2)
 • Land 7.27 sq mi (18.83 km2)
 • Water 0.01 sq mi (0.04 km2)

4,547 ft (1,386 m)

 • Total 3,432
 • Estimate 

 • Density 542.17/sq mi (209.32/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code 435
FIPS code 49-82620[4]
GNIS feature ID 1447103[2]

Wellsville is a city in Cache CountyUtah, United States. The population was 3,432 at the 2010 census,[5] with an estimated population of 3,849 in 2018.[6] It is included in the Logan, Utah-Idaho Metropolitan Statistical Area.

Wellsville was laid out in 1856, and named after Daniel H. Wells, a Mormon leader.[7]

No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...

Comments are closed.