I Previously Filed Bankruptcy and Still Owe a Lot on an Old Student Loan


Dear Steve,

1. It was recommended to file chapter 7 (approximately 15+ yrs ago) Not able to discharge student loans -still have to date. Any exception to the rules to request a review of student loan only. My credit is excellent to date

2. Any an all exception/ rule/ regulation I paid the total amount due by customer service rep in 2014 approx 10,000 and apparently additional 1200 remains outstanding) In addition, to the still remaining 2/2 student loan originally 24,000 18 yrs later owe 60.000.



Dear Patrica,

Paying off the $1,200 would be cheaper than a second bankruptcy at this point.

The bigger issue is the second loan. It appears the balance is substantially more because you were on an income-driven repayment plan or you were on forbearance or delinquent at some point.

Is that larger loan a federal or private student loan. Please let me know in the comments section below.

Steve Rhode
Get Out of Debt GuyTwitter, Facebook

If you have a credit or debt question you’d like to ask, just click here and ask away.

This article by Steve Rhode first appeared on Get Out of Debt Guy and was distributed by the Personal Finance Syndication Network.

The post I Previously Filed Bankruptcy and Still Owe a Lot on an Old Student Loan appeared first on Personal Finance Syndication Network.

About Damon Day

As a Debt Coach and a Financial Advocate, I have saved my clients Millions of Dollars by exposing the debt relief scams that other consumers fall victim to. I work directly for my clients to create custom debt relief strategies based on their own unique circumstances. Consumers who speak with me first, come out far ahead of those who don't, every single time. Guaranteed. +Damon Day