can student loans be discharged with Citi
Can anybody answer the question, can student loans be discharged in a 7 or
13? The loans are with Citi
I live in California.
These loans will be discharged in the ordinary course of your chapter 7 or
13 bankruptcy case.
ยง 523. Exceptions to discharge(a) A discharge under section 727, 1141,
1228(a), 1228(b), or 1328(b) of this title does not discharge an individual
debtor from any debt (8) for an educational benefit overpayment or loan
made, insured or guaranteed by a governmental unit, or made under any
program funded in whole or in part by a governmental unit or nonprofit
institution, or for an obligation to repay funds received as an educational
benefit, scholarship or stipend, unless excepting such debt from discharge
under this paragraph will impose an undue hardship on the debtor and the
debtor's dependents....
HISTORICAL AND REVISION NOTES / LEGISLATIVE STATEMENTS: Section 523(a)(8)
represents a compromise between the House bill and the Senate amendment
regarding educational loans. This provision is broader than current law
which is limited to federally insured loans. Only educational loans owing
to a governmental unit or a nonprofit institution of higher education are
made nondischargeable under this paragraph.