You might be able to discharge all or part of your student loan debt through bankruptcy; however, it’s important to note that this is generally very difficult to do. Student loans are only discharged in bankruptcy if you can prove that repaying the debt would cause an undue hardship on you and your dependents.
Undue hardship is determined using a three-part test that looks at factors such as your current income and expenses, whether your financial situation is likely to improve in the future, and whether you’ve made good faith efforts to repay your loans.
It’s important to remember that filing for bankruptcy should always be seen as a last resort. If you’re considering filing for bankruptcy, we recommend talking to an attorney first to explore all of your options.