Student Loans Guiding Good People Through Bad Times

Student Loan Discharge Lawyer in Savannah

Is It Possible to Reduce or Eliminate Student Loan Debt?

Millions of individuals have financed their higher education through student loans. Currently, U.S. student loan debt has exceeded 1.7 trillion dollars. As an investment in your future, this is often a good idea. However, student loan payments can later prove burdensome if you are unable to find corresponding career work or you face other negative circumstances. If you fall behind on your student loans, your debt can increase to insurmountable levels that are no longer sustainable. What then? How do you get out from under an untenable debt-ridden situation?

If you are facing this problem, it is in your best interests to seek legal advice from a trusted source. At the Law Offices of Mark A. Bandy, PC, we concentrate most of our practice on debt relief. We can evaluate your situation to determine the best possible plan of attack to handle your runaway financial scene. Attorney Bandy has more than 20 years of experience in dealing with all possible debt situations and the fallout they bring to your life. Getting answers is only a phone call away; we recommend you reach out to our firm for the help you need.

Contact our Savannah student loan discharge attorney at (912) 331-4501 for a free case evaluation or contact us online.

Handling Student Loans

The prevailing myth is that student loan debt can never be reduced or eliminated through a bankruptcy filing. While it is true that it is very difficult to accomplish this, it is not impossible given the right circumstances. Under a specific section of the U.S. Bankruptcy Code, a student loan debt may be dischargeable if its continued payment after bankruptcy will cause “undue hardship” on you and your dependents. Under bankruptcy case law, courts apply what is known as the “Brunner” test to determine if your student loans are eligible for a bankruptcy discharge.

Under this test, you must demonstrate the following:

  • that on your current income and expenses you cannot maintain a minimal standard of living if you are obligated to repay your student loan
  • other circumstances also are in play that show that the above will likely continue for most of your repayment period
  • that you have, in the past, shown good faith in making payments on your student loan

If you can show the above, your student loan may be reduced or eliminated depending on your case as reviewed by the court. To get to this point, you will need to file bankruptcy as well as an additional petition for what is called an “adversary proceeding.” This complaint will outline your case as to the hardship.

Other Student Loan Options

The above is a solution in cases where you have tried and exhausted other options. For federally-funded student loans, you may qualify for a loan forgiveness program or for an income-driven repayment plan. These plans offered by the federal government can reduce your monthly bills and can prevent you from going into default on your student loan.

The bankruptcy solution above is also a solution if you have actually gone into default on your loan, especially in cases of private loans where you may be facing wage garnishment from your lender. However, if you have gone into default on a federal student loan, you may be also be able to recover through a student loan rehabilitation option offered by federal loan holders.

It is also important to remember that through the elimination of unsecured debt in bankruptcy, your income will likely increase to the point where you can make your student loan payments. Even if your student loan cannot be reduced or discharged through hardship or other programs, a bankruptcy will free up your resources so that you can stay out of student loan default.

Learn More About Student Loan Solutions

At the Law Offices of Mark A. Bandy, PC, we have helped thousands of individuals regain financial stability through debt relief solutions. If you are drowning in debt, discussing your case is the first important step you can take towards financial recovery. Let us help you take that step and move forward into a better future.

Call us at (912) 331-4501 for legal assistance today.

Real Client Stories

Hear From People We Have Helped
  • If you are in a bad place financially, have lost all hope, and feel there is no one out there to turn to, then please reach out to Mr. Bandy before you make any other decisions. He will get you the relief and guidance you are looking for.

    “Mark is hands down the best bankruptcy attorney in all of Georgia. I highly recommend him to everyone. He is very knowledgeable and keeps you updated on every aspect of your case. He is in this ...”

    - Crystal
  • He helped us stay calm and positive throughout the whole experience.

    “When my husband and I decided to file for bankruptcy we were very nervous. A friend of our family suggested we talk to Mr. Bandy. I am so glad we did! He explained things very well and helped us feel ...”

    - Faith
  • He answered all my questions and made the whole situation go smoothly.

    “Had a great experience with Mr. Bandy. He answered all my questions and made the whole situation go smoothly. His firm always kept me in the loop and always gave me timely updates on my case. Thanks!!”

    - J.C.
  • Mark was very patient with my questions, answered them thoroughly and his recommendations were accurate and proved true.

    “I have been an attorney for over 40 years and was very impressed with Mark. If you are considering bankruptcy do yourself a favor and call Mark. His expertise in Bankruptcy allowed him to guide me ...”

    - M.A.
  • After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.

    “Although bankruptcy was a great option for me financially, it was also a very scary thought to process which initially made me reluctant to pursue this option. However, after reaching out to Mark my ...”

    - Ben
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Reasons Clients Trust Us

Our Core Values
  • Flexible & Affordable

    We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.

  • Accessible

    We are accessible to our clients and are here to answer all questions throughout the process.

  • Client-Focused

    When you retain us you can rest assure you will receive excellent representation and the best possible outcome.

  • Experience

    Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.

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