The Florida Bankruptcy Attorney Blog has posted an article that discusses the effect bankruptcy has on student loans. Previously it was possible to discharge student loan debts after seven years if someone couldn’t make their monthly payment. However, amendments passed by the BAPCA (Bankruptcy Abuse Prevention and Consumer Protection Act) recently have made that more difficult.
These amendments require the person to prove to the court that you are undergoing “inordinate hardship” for bankruptcy to include student loans. The requirements for “inordinate hardship” are very strict and most people simply cannot fulfill the conditions.