Student Loan Modification Attorney In Doral, Florida

Discover how Rodolfo De La Guardia and Michael A. Frank, esteemed bankruptcy law attorneys in Florida, can help navigate the complex landscape of student loan modifications. With their comprehensive knowledge of bankruptcy law, they guide clients through the intricacies of financially challenging times. Whether you are struggling to make payments or facing a potential default, De La Guardia and Frank will work tirelessly to find the best solution for your individual situation.

Student loans are often a necessary evil for those pursuing higher education. However, with rising tuition costs and stagnant wages, many graduates find themselves drowning in debt after graduation. This can be particularly crippling during times of financial hardship, such as job loss or medical emergencies. In these situations, bankruptcy may seem like the only option.

But before making a decision that could have long-term consequences on your credit and financial stability, it is important to seek the advice of experienced legal professionals like De La Guardia and Frank. They understand the complexities of bankruptcy law and how it applies to student loan debt.

One important thing to note is that student loans are not typically discharged in bankruptcy. However, there are certain circumstances where they can be included in a bankruptcy filing. This includes proving "undue hardship" or utilizing other forms of debt relief such as loan forgiveness programs.

In order to prove undue hardship, you must meet the criteria set forth by the Brunner test. This three-part test evaluates your current financial situation and future earning potential. It also takes into consideration if you have made a good faith effort to repay the loans.