Comments on: California Chapter 7 Bankruptcy Exemptions

By: Carol

Carol — Wed, 15 Apr 2009 21:29:28 +0000

First of all, so sorry to see you suffering with M.S. my heart goes out to you.

Unfortunately under Chapter 7 you are out of luck walking away from a student loan, so you may have to go as far as Chapter 13 which is painful and unless you have a spouse with a good solid credit rating, you will be in for 7 years of not being able to borrower money or have a credit card.

Have you tried negotiating with the student loan provider directly – tell them your situation. I hope you have tried talking to them.

Carol

By: inga

inga — Sat, 21 Mar 2009 01:18:32 +0000

Hi, I have M.S and a student loan of $129000. Unfortunately my illness and physical challenges limit me and I cannot work and make money to pay back my student loans. I want to file for chapter 7 bankruptcy and based on what I read student loans are not discharged under chapter 7. Does any one know of any exemption to this rule so that I can discharge my student loans. Thank you-Inga

By: Jules Ford

Jules Ford — Sun, 04 Jan 2009 18:46:07 +0000

Yes, thanks for this – bankruptcy is very stressful and it’s good to read some encouraging words from someone who has been there – great to have good info to.

By: Keith Madden

Keith Madden — Fri, 02 Jan 2009 18:21:49 +0000

Thanks for this. I really need to read the part about not being alone in bankruptcy. It’s been hell for my wife and I and our family.

By: Betty

Betty — Sat, 27 Dec 2008 16:13:34 +0000

Actually, these Bankruptcy schemes are VERY similar to other States in the U.S.

Chapter 7 and Chapter 13 bankruptcy are common through all States.

By: Lewis Rodriguez

Lewis Rodriguez — Wed, 24 Dec 2008 08:04:26 +0000

Good data to have for California based bankruptcy laws and guidelines – how up to date are the numbers in these Chapter 7 schemes?

By: Declared Chapter 7 Bankruptcy - The Bank Says Our Mortgage in Null and Void - California Loan Find

Tue, 23 Dec 2008 16:07:16 +0000

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