Vectors and 3D Models
Local Search - Finance
Weather Information
Get the App for Smartphones and Tablets

Go Back


WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch


Page Generation Date and Time:
03/29/2024 07:45:27

 
Free the Animation VR / AR
Play to reveal 3D images and 3D models!
Demonstration A-Frame / Multiplayer
Android app on Google Play
 
vlrPhone / vlrFilter / vlrMemos
Project of very low consumption, radiation and bitrate softphones / Multifunction Audio Filter with Remote Control / App to measure the quality of the voice!



 
 
Alexa Data
 

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:



With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News - http://www.whmsoft.net/services/wap/news.php
The Daily Files - http://www.whmsoft.net/services/wap/get.php
All the Directory Files - http://www.whmsoft.net/services/wap/choose.php

Web version of feeds:
Podcast Music - http://www.whmsoft.net/services/web/wpodcast.php
Daily Files - http://www.whmsoft.net/services/web/wget.php

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game


You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
01171 Flashman00191 Poolpy Hazard1159 BaseballFlesh FighterAstra Squad
01171 Flashman00191 Poolpy Hazard1159 BaseballFlesh FighterAstra Squad

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows


Article Keyword Videos to Watch
Finance
Click on the image to start the video.



Related Topics
Images - Links - Articles

Philadelphia


Related Images



Article Category Videos to Watch
Finance
Go to the Videos Pages


Are Student Loans Dischargeable When You Fill for Bankruptcy?

It is also commonly said that when one goes bankruptcy debts are discharged.
However, not all debts are dischargeable and in certain cases, bankruptcy actually stands far away from being a solution to debt problems.

Student debt and “undue hardship”
If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all

student loans are non-dischargeable. The law is clear when it comes to student loan debt: Unless repayment causes the debtor undue hardship, courts won’t allow discharge of student debt.
The above is applicable to Chapter 7 Bankruptcy and Chapter 13 Bankruptcy too. So in order to be able to get discharged from
student debt you’ll need to meet the “undue hardship” requirement.
This concept implies an excessive poorness caused by the debt that would affect the ability of the debtor of paying for basic
needs. The main difficulty is to prove undue hardship.

A bit of history
Student Debt used to be more easily discharged in the past. However, due to abuse, Bankruptcy’s legal requirements were
modified and now it is extremely difficult to get discharged.
The abuse consisted on filing for bankruptcy immediately after finishing college, thus getting discharged of their student debt prior to joining the workforce.
When this practice became common, lenders complained and got the administration to modify the rules that controlled bankruptcy.

Discharging Nowadays
Currently, the exception of hardship includes government loans and nonprofit organization loans.
So it has become even more difficult to get student debt discharged. Besides, not only has the debt to disrupt the debtor ability to maintain an adequate minimal standard of living but the debtor must have tried by every possible way to repay the debt.

Co-signer Responsibility
Even if the debtor meets all this requirements, any co-signer who subscribed the loan with the debtor won’t be covered by the hardship exception and thus will be the sole responsible one for the debt repayment.
This is one of the lender’s main securities and explains why most of the student loan lenders require a co-signer in order to
grant a loan.

Final considerations
Filling for bankruptcy or not is a decision that has to be intensively meditated and must be substantiated in the need of a
fresh new start when there is no other choice.
If a bankruptcy won’t discharge your student debt, and if your student loans are the main constituent of your debt, then it makes no sense to suffer all the bad consequences associated with a bankruptcy without being able to enjoy the benefits.
However, if your income is too low, your debt won’t let you even breath and there is no other way of recovering from this situation, you may be able to convince a court that due to the excessive burden your debt has turned into, it should be discharged.
That way, you’ll be able to get a fresh start and become debt free.


About the Author: Mary Ann Wise, a professional consultant with more than twenty years in the financial field, is currently committed to helping people in the process of securing personal loans, mortgage, refinance or consolidation loans and preventing consumers from falling into the hands of fraudulent lenders.
In one of her websites: http://www.badcreditloanservices.com you will find more useful tips and interesting articles on this subject and other financial related topics.




Recommended Web Site(s):

Free the Animation Game

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2024 WhmSoft - All Rights Reserved.