It's not impossible to get your loan discharged if your student loan is in default, but it is difficult given that you'll need to meet the definition of what the U.S. Bankruptcy Code calls an ...
Bankruptcy is a legal process for relieving debt that the borrower cannot repay. It’s a measure of last resort that typically requires liquidating assets or entering a repayment plan.
In the past few years, the improper use of the Bankruptcy Code's Chapter 11 provisions by larger corporations has put companies in similar situations under strict scrutiny. For this reason ...