Can a defaulted student loan be included in a bankruptcy if it has been purchased by another creditor?

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1207103

2026-07-26 18:45

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It would be a waste of time and money. The higher education amendment act made student loans non dischargable in Banruptcy Court. You would have to prove a major financial hardship to have it considered. It's next to impossible.

A consolidation loan will allow you to get an income sensitive payment that will fit your budget, or you can file for deferment or forbearance.

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