Louisiana Lawyers Assist Clients with Student Loan Debt Relief
Responsive Mandeville attorneys help graduates deal with overwhelming debt
When facing unmanageable student loan debt, you might not know what steps you can take to remedy the situation. At The De Leo Law Firm, LLC, we can help you create a strategic plan to ease the financial burden of your loans. We provide highly responsive and hands-on legal representation to people in the Mandeville area and throughout Louisiana who are struggling to repay their student loans. We are committed to giving each client the individualized attention they need to find lasting relief.
Knowledgeable Louisiana advocates provide options for discharging student debts during bankruptcy
In most cases, student loans cannot be discharged in bankruptcy. However, there are certain situations where all or some of your loans can be discharged under Chapter 7 or Chapter 13. You must prove an undue hardship, but courts have discretion in determining whether a hardship exists. Some courts use the Brunner test, which takes poverty, the persistence of your debt and your good faith in trying to repay it into consideration. Other courts use the totality of circumstances test, which determines if paying your student loans is an undue hardship. The results of these tests may lead to your loans being dischargeable.
Your student loan debt may also be discharged in bankruptcy if:
- You have become permanently disabled.
- You were unable to complete your degree because your school closed.
- The school falsified your ability to benefit from its program.
- The school forged or altered your loan application without your knowledge.
- You are the victim of identity theft.
To achieve a discharge of your student loan debt, we must file what is called an adversary proceeding in the Bankruptcy Court and prove to the judge that you are entitled to an undue hardship discharge. We can draw on a variety of strategies to achieve this result if this provides you the best chance for debt relief.
Skilled advisers assist with monthly payment reductions
Most people seeking help for overwhelming student loan debt turn to options outside of bankruptcy. One option to relieve the burden is having your monthly payment reduced due to a financial hardship, such as unemployment or a decrease in income. Be aware that your creditor is most concerned with its business's bottom line. That means the lender may be leading you into a repayment plan that is not in your best interest. Speak to us before you agree to monthly payment reductions. We likely can negotiate a significantly better deal for you.
Dedicated counselors advise on loan forgiveness programs in Louisiana
In some specific circumstances, your student loan may be forgiven in Louisiana. If, after ten years, you are working for the government, a religious organization, a charity, or as a teacher or nurse, you may no longer have to repay your student loans. In some cases, your loans may be forgiven after 20 or 25 years, no matter where you are employed. Loan forgiveness depends on which repayment plan you are using. You might also be entitled to loan forgiveness if your school closed or misrepresented the benefits of receiving an education there, or you become disabled. We can explain whether you are eligible for loan forgiveness and help you pursue this option.
Trusted attorney advises on postponement and deferment of student loans
Postponing or deferring a loan is not always a good option, as your loans continue to gain interest, and deferment only temporarily relieves the debt. However, your loans might be deferred if:
- You are on active military duty or in the Peace Corps.
- You cannot work due to injury and are receiving temporary total disability benefits.
- You are enrolled in school or an approved graduate fellowship program.
- You have become unemployed or suffered another economic hardship.
To learn more about your options for student loan debt relief, speak with our attorneys. We understand the stress you are dealing with, and we have both the knowledge and experience to help.
Contact a Louisiana debt relief law firm for help with student loan debt
If you are dealing with student loan debt, The De Leo Law Firm, LLC can help you pursue the relief you need. Call us at 985-685-1487 or contact us online to schedule a free consultation. From our Mandeville office, we represent clients throughout Louisiana.