26
May
2009
Nondischargeable Debt: Student Loans & No Financial Hardship
Here, the court noted that a student loan would not be a dischargeable debt in bankruptcy unless the debtor could prove undue financial hardship and a poverty level income.
Here, the debtor’s income was sufficient to slowly repay the student loan, and the debt was, therefore, nondischargeable. Cadle Company v. Sheila Webb, 132 B.R. 199.
Author: Charles R. Harroun, Attorney at Law
This entry was posted
on Tuesday, May 26th, 2009 at 4:34 am and is filed under Bankruptcy.
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