Student Loan Lawsuit Defense
Student loan debt has surpassed credit card debt in the United States and is a hot topic today. We are all raised to think that higher education will lead to good jobs and financial stability. But what happens when that higher education fails to deliver and only adds to your hardships? It can be overwhelming to say the least. Now, add to that frustration and disappointment the stress of having to face a lawsuit in a court of law.
The debt relief options available for those suffering with student loan debt are limited. Bankruptcy is a challenging option to address student loan debt because student loans are generally considered nondischargeable debts unless you meet the undue hardship exception. So where does one go for help once the creditor decides to file a lawsuit? The answer really depends on your personal situation.
At EDF Law, we can explore options that may help you obtain relief from the harassment. There are times when these types of lawsuits have defects and the lawsuit can be dismissed, and other times when a more favorable settlement plan can be reached. As a last resort, we can even explore how Chapter 13 bankruptcy might help provide you relief while you try to position yourself in the job market.
To learn more about your options, including whether you qualify for the bankruptcy undue hardship exception for student loans, please call us.
Please be aware that time limitations will apply to the lawsuit. You must act quickly because a response to the lawsuit will be required within the deadlines set forth in the lawsuit papers. We have helped people facing similar lawsuits obtain dismissals or resolve the lawsuits utilizing various methods. Contact us today to receive a free consultation and learn more about how we can help you gain relief from the lawsuit. When you call us, don't forget to ask about how we might be able to help you at no cost and what happens after the lawsuit is resolved.
Collection Judgments May Result In:
A lien against your house, making it difficult to sell or refinance
The sale of your personal property, including your vehicle & household furnishings
A bank account garnishment freezing your account
A negative effect on your credit report for years or even decades in certain circumstances
If you have been sued in Pennsylvania by a National Collegiate Student Loan Trust, we need to speak to you right away! Our experience has been that these lawsuits are commonly filed in a defective manner.
Past experience and/or success cannot serve as a guarantee of certain outcomes.