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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. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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