The short answer is no. But … in some rare cases, student loans can be discharged if the debtor can show “undue hardship.” The standard for “undue hardship” requires a three-part showing: (1) that you cannot maintain, based on current income and expenses, a “minimal” standard of living for herself and her dependents if forced…
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If you are swamped with debt, you can discharge all of your credit card and unsecured debt in a Chapter 7 immediately, keeping exempt assets such as a house or car, and other household items. However, if you earn more than the median income in Texas (for your household size), then the new bankruptcy code…
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