In order to discharge a student loan in bankruptcy, a New Jersey debtor must prove that it presents an "undue hardship." Part of proving this is showing that this hardship will last for a "significant portion of the repayment period."

The hardship itself must be, in fact, a "persistent state of affairs." This is done by proving that additional circumstances exist indicating that tyour state of affairs is likely to persist for a significant portion of the repayment period of the student loans.

The courts look at things like:

  • Are you underemployed?
  • Have you earned more in the past?

Get more details here. Outstanding student loans continue to be a real problem for many New Jersey residents. If you have a student loan that you cannot repay, and you believe you meet the standards for "undue hardship," then call my office at 856-432-4113 or contact me through this sitefor a free consultation to discuss your options.

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.