was thinking about filing for bankruptcy, but not sure if i actually have as much debt as i think. 15,000 in credit card debt, 25,000 in hospital bills, 25,000 in parent plus loans???
You "include" every debt you have. You probably will not be able to discharge a student loan, however, even though you're not the one who got the education. You have your state's congressional delegation to thank, in part, for that fact.
Your PLUS loan will not be discharged, but the other 40k would be. Makes it easier to handle the student loan payments without the others distracting you.
It depends on what you mean by included. These debts must be disclosed on your bankruptcy paperwork but are not dischargeable in the vase majority of circumstances. If you are having difficulty making the payments, there are a number of programs available. You may want to contact your lender or look at the information provided online at the department of education website. A chapter 13 will get you the benefit of the automatic stay for some temporary relief while you are making payments to your creditors but only a portion of the money allocated for the unsecured crecitors will go to the student loan and the balance. The balance will typically increase since the interest will continue to accrue while the case is pending.
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