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Phone: 985-332-4355
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800 Ramon St.
Mandeville, LA 70448
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When facing unmanageable student loan debt, you might not know what steps you can take to remedy the situation. At The De Leo Law Firm, LLC, we can help you create a strategic plan to ease the financial burden of your loans. We provide highly responsive and hands-on legal representation to people in the Mandeville area and throughout Louisiana who are struggling to repay their student loans. We are committed to giving each client the individualized attention they need to find lasting relief.
Contact The De Leo Law Firm, LLC to schedule a consultation with a lawyer today. 985-332-4355
In most cases, student loans cannot be discharged in bankruptcy. However, there are certain situations where all or some of your loans can be discharged under Chapter 7 or Chapter 13. You must prove an undue hardship, but courts have discretion in determining whether a hardship exists. Some courts use the Brunner test, which takes poverty, the persistence of your debt and your good faith in trying to repay it into consideration. Other courts use the totality of circumstances test, which determines if paying your student loans is an undue hardship. The results of these tests may lead to your loans being dischargeable.
Your student loan debt may also be discharged in bankruptcy if:
To achieve a discharge of your student loan debt, we must file what is called an adversary proceeding in the Bankruptcy Court and prove to the judge that you are entitled to an undue hardship discharge. We can draw on a variety of strategies to achieve this result if this provides you the best chance for debt relief.
When you can’t pay the amount you owe according to your student loan repayment agreement, you’re in default. If your financial downturn isn’t a temporary one, and you can’t see any prospects for getting caught up on your payments, the sooner you seek out legal services, the better. We can work with you to get you into a more forgiving repayment program, such as PAYE, REPAYE, an income-based repayment plan, such as an IBR or IDR, or a consolidation plan. While bankruptcy is always a last resort – and difficult to obtain for student loans – we can help you explore all the possibilities to get you out of debt and into financial health. Don’t wait until your lenders garnish your wages or take your tax refunds. Get experienced legal help today!
In some specific circumstances, your student loan may be forgiven in Louisiana. If, after ten years, you are working for the government, a religious organization, a charity, or as a teacher or nurse, you may no longer have to repay your student loans. In some cases, your loans may be forgiven after 20 or 25 years, no matter where you are employed. Loan forgiveness depends on which repayment plan you are using. You might also be entitled to loan forgiveness if your school closed or misrepresented the benefits of receiving an education there, or you become disabled. We can explain whether you are eligible for loan forgiveness and help you pursue this option.
Postponing or deferring a loan is not always a good option, as your loans continue to gain interest, and deferment only temporarily relieves the debt. However, your loans might be deferred if:
To learn more about your options for student loan debt relief, speak with our attorneys. We understand the stress you are dealing with, and we have both the knowledge and experience to help.
If you are dealing with student loan debt, The De Leo Law Firm, LLC can help you pursue the relief you need. Call us at 985-332-4355 or contact us online to schedule a free consultation. From our Mandeville office, we represent clients throughout Louisiana.
Discharge in bankruptcy may be granted if you file a separate action, known as an "adversary proceeding," asking that the bankruptcy court find that repaying the loan would impose undue hardship on you and your dependents.
Learn about what you must do to ask the court to discharge in bankruptcy your federal student loan.
https://studentaid.gov/manage-loans/forgiveness-cancellation/bankruptcy
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Email: Info@NORTHSHOREATTORNEY.COM
Phone: 985-332-4355
800 Ramon St.
Mandeville, LA 70448
*$0 Down pertains to attorney’s fees. Client would need to pay associated court filing fees, administrative costs and required credit counseling fees. Attorney will accept case prior to full payment, however, filing the case with the bankruptcy court will occur after attorney's fees have been paid in full.
We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
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