How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

I live in California, can i add a student loan that i co-signed

Resolved Question:

I live in California, can i add a student loan that i co-signed for to my chapter 7 bankrupcy that was discharged 8 months ago?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.

Most student loans are not dischargeable in a bankruptcy.

Some student loans may be discharged in a bankruptcy if they are not considered to be "qualified" student loans.

Only loans that satisy the requirements under 26 USC 221(d)(1) are considered a qualified education loan.

Here is an informaative article on the subject.

Thank you,
Customer: replied 7 years ago.
how can i tell the difference between a student loan that is "qualified" versus one that is not? I don't have the paperwork, so...
Expert:  Ellen replied 7 years ago.
most student loans are qualified. However you can consider amending your bankruptcy petition to add the student loan on the chance that it is not a qualified student loan
Ellen and 3 other Bankruptcy Law Specialists are ready to help you