Saturday, August 13, 2011
Can You File Bankruptcy On A PRIVATE Sallie Mae Student Loan?
Nope sorry. No forms of student loans are forgivable in bankruptcy anymore except for in some very obscure cirstances that vary from state to state. Seek out some legal help. A lawyer will be able to tell you if you can take them out with bankruptcy though. Most likely not. It's tough; I know. I took out nearly $70,000 in loans for my undergrad and also co-signed for a now ex-boyfriend in the amount of $50,000 which he is not paying just because I broke up with him. So I get to payback $120,000 and learn a difficult and expensive life lesson because of it.
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