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Posted in Student Loans
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unreal2u98

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can I file bankruptcy on student loan that is over 20 years old

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Normally you are not able to file bankruptcy on student loans.   Although, if your current financial situation indicates you are not able to pay all of your debt, including the student loan and that requiring you to pay the student loan would cause a hardship on you, then under the hardship rules of the court, they can be included.  Consult with a bankruptcy attorney to determine your qualifications.  Be prepared to fully disclose all of your financials.  The age of the student loan has no bearing on the decision as student loans are exempt from the statute of limitations and like taxes are a life lone debt which normally must be repaid.

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