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Student Loan Debt in Maryland

Student Loan Debt Attorney in Rockville, Maryland

Are you struggling to pay off your student loans? If so, you’re not alone. In fact, student loan debt is now the largest form of consumer debt in the United States. If you’re struggling to make your monthly payments, or if you’re facing a default on your student loans, it’s important to seek the help of an experienced student loan debt attorney.

At Kurland Law Group, we understand the challenges associated with student loan debt, and we can help you explore all of your options. We’ll work with you to identify the best way to resolve your student loan debt, whether that means negotiating a new repayment plan, consolidating your loans, or even seeking student loan forgiveness. 

The Kurland Law Group is a student loan debt attorney in Rockville, Maryland with years of experience and knowledge in the student loan debt field. The bankruptcy law firm has represented clients in student loan disputes, including private student loan disputes, and has a wealth of experience in student loan law.

If you are struggling with student loan debt, the Kurland Law Group can help. Call us today at (301) 804-0625 to schedule a consultation. 

Why do I need a student loan debt attorney in Maryland?

Maryland students who are struggling with student loan debt know how difficult it can be to manage. The payments are often high, and the interest can quickly add up. As a result, many people find themselves unable to keep up with their payments and end up defaulting on their loans. 

If you find yourself in this situation, it is important to seek out the help of a student loan debt attorney. The student loan debt attorneys at Kurland Law Group have extensive experience helping people in Rockville, Maryland navigate the complex process of student loan debt relief. They will work with you to understand your unique situation and develop a customized plan to get your student loan debt under control. 

If you’re struggling with student loan debt in Maryland, don’t hesitate to reach out to us. We can help you get on the path to financial freedom.

What is Student Loan Debt?

student loan debt attorney Student loan debt is defined as “money that is owed to a lender for education expenses that have been incurred by a student, their parent, or their guardian.” This type of debt is typically incurred when someone takes out a student loan to pay for their education. 

Student loan debt can be both private and federal. 

  • Private student loans are offered by banks, credit unions, and other private lenders. 
  • Federal student loans are offered by the government.

There are many different ways to repay student loan debt. The borrower may choose to make monthly payments, pay the debt in full, or defer the payments. However, if the borrower defaults on their student loan, they may be subject to collection activities such as wage garnishment or tax refund offset. 

Student loan debt can also adversely affect a person’s credit score. If you are struggling to repay your student loan debt, you may want to consider contacting a student loan debt attorney. 

Student Loan Payments and the Status of Your Tax Return

If you and your spouse are repaying student debt under a federal income driven repayment plan, it’s important to carefully consider which tax filing status will work best for you. 

If you file as “married filing jointly,” your student loan payments will be based on your combined income. However, if you file as “married filing separately,” your student loan payments will be based on your individual income. In some cases, choosing the latter option can help lower your monthly student loan repayment. 

What Happens to Student Loans When Someone Files for Bankruptcy?

If you’re struggling to repay your student loans, you might be wondering if it’s possible to discharge them in bankruptcy. The answer is yes, but the process is complicated and costly, and the bankruptcy court only grant student loan debt relief in extreme situations.

But as the student loan crisis grows, the narrative changes, and bankruptcy courts may soon find more bankruptcy filers requesting student loan debt discharges. If you’re thinking about this, it’s important to talk to a student loan debt lawyer who can look at your situation and help you decide what’s best for you.

What Is a Student Loan Discharge and How Does It Work?

If you are struggling to repay your student loans, you may be considering bankruptcy as a way to have your debt discharged. While bankruptcy can erase many types of debt, student loan debt is not easily discharged. 

In order to have your student loan debt discharged through bankruptcy, you must prove that repayment would cause an undue hardship on you and your family. This is a difficult burden to meet, and most people who file for bankruptcy are unable to have their student loan debt discharged. 

Filing for bankruptcy is a big decision that comes with a lot of complex legal paperwork. If you’re also dealing with student loan debt, you might be wondering if it’s possible to discharge your student loans through bankruptcy. The answer is “maybe.” 

Discharging student loans requires a separate bankruptcy trial, or “adversary proceeding,” that takes place only if you file a separate adversary complaint with the bankruptcy court. The complaint has a different case number than your bankruptcy matter, and the lawsuit is served on your loan provider. While it’s possible to discharge student loans through bankruptcy, it’s an uphill battle.

The adversary litigation process can be complex and time-consuming, but it is a necessary step in resolving your student loan debt. The discovery phase allows each side to request information from the other, and the trial takes place before a bankruptcy court. You will need to present evidence proving your case, and the loan provider will present a defense. The test used by your bankruptcy court will determine what you need to prove at trial. 

If you’re thinking about bankruptcy as a way to get rid of your student loan debt, we suggest that you talk to a lawyer who specializes in student loans. They can look over your situation and help you decide what’s best for you.

In Bankruptcy Court, How to Prove a Student Loan Discharge Case.

If you’re facing student loan debt that you can’t repay, you may be able to get your loans discharged in bankruptcy by proving undue hardship. 

There are a few different ways to do this, but the most common is known as the “Brunner test.” To pass the Brunner test, you’ll need to show:

  • Poverty: You can’t maintain a minimal standard of living if you’re required to repay your student loans.
  • Persistence: Your financial situation is unlikely to change in the foreseeable future.
  • Good faith: You’ve made a good faith effort to repay your student loans.

 If all three prongs of the test are satisfied, the student loan borrower may be able to get their student loan debt discharged.

Student Loans in Bankruptcy Chapter 13

After filing for Chapter 13 bankruptcy, you may be able to cut or defer payments on your student loans while you repay them.

Filing for Chapter 13 bankruptcy may help reduce or delay your student loan obligations. Student loans are treated as nonpriority unsecured debts in Chapter 13, which means they will receive a pro-rata share of the total amount paid to unsecured creditors through your repayment plan. This can help you lower your monthly student loan payments during the life of your bankruptcy. 

You should speak with a student loan debt attorney at Kurland Law Group in Rockville, Maryland to discuss your options and whether Chapter 13 bankruptcy is right for you.

Call our student loan debt attorney now!

Facing student loan debt can be a daunting task, especially if you don’t have the right legal representation. The Kurland Law Group is a student loan debt attorney in Rockville, Maryland that can help you get the relief you need. We have the experience and knowledge to aggressively represent your interests and get you the best possible outcome. If you’re facing student loan debt, call us today for a free consultation. We’ll review your case and determine the best course of action. Don’t go another day struggling with student loan debt – call Kurland Law Group today!

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