debtisbadnews Posted October 6, 2009 Report Share Posted October 6, 2009 Is is possible to consolidate my federal student loans with Direct Loans with a private student loan company then file on that loan with a ch7...no hate mail, I'm just curious and dont want to do anything that lands me in jail! Link to comment Share on other sites More sharing options...
sami123 Posted October 7, 2009 Report Share Posted October 7, 2009 you should consalidate your loans with U.S.Dep of Edu, they will do that, if you are in good standing on your loan, however, student loans are exmpt from BR if they are through U.S dep of Edu, about private lender, might also hold to that. Link to comment Share on other sites More sharing options...
unusualsuspect Posted October 10, 2009 Report Share Posted October 10, 2009 I also believe that student loans serviced through Sallie Mae are not normally discharged in BK as well.Private loans can be discharged as they are often treated as normal consumer debt. Link to comment Share on other sites More sharing options...
LynnInMN Posted October 10, 2009 Report Share Posted October 10, 2009 Both private and federal loans are non dischargable in bankruptcy. So the answer is no. Link to comment Share on other sites More sharing options...
manucci Posted March 27, 2010 Report Share Posted March 27, 2010 Student Loans, Subsidized or not, through Direct Loan or any other entity, are not included in BK. They are like the money you owe to IRS; you can not get rid of it.Before, many doctors used to file BK as soon as they are out of med School; owing $100K or $200K; and for sure many lenders would give them credit immediately once they know they are medical doctors; not anymore.Manucci Link to comment Share on other sites More sharing options...
LynnInMN Posted August 25, 2010 Report Share Posted August 25, 2010 Is is possible to consolidate my federal student loans with Direct Loans with a private student loan company then file on that loan with a ch7...no hate mail, I'm just curious and dont want to do anything that lands me in jail!No....it would then be a consolidated student loan....still non dischargable. Link to comment Share on other sites More sharing options...
texaninfl Posted August 26, 2010 Report Share Posted August 26, 2010 Student Loans, Subsidized or not, through Direct Loan or any other entity, are not included in BK. They are like the money you owe to IRS; you can not get rid of it.The only kind of loan that you remotely have any chance of BK'ing is a pure private loan. Link to comment Share on other sites More sharing options...
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