Student Loans - FAQ

Q  : "Are Student Loans dischargeable in Bankruptcy?"

A: "No."

The general rule of the the United States Bankruptcy Law follows the "Iron Lung" Rule.  This means that if you are not in an iron lung, your student loan debt will not be discharged.  Everyone should be cautious and read all terms of any agreements they enter into in which they are accountable for the debts of others, including parents signing for student documents. If in doubt, consult an attorney on this issue.  651-704-9600.