Can I exclude federal loans from my bankruptcy? 3 Answers as of August 27, 2010

I have been seriously thinking about chapter 13 bankruptcy. Is there a way that I exclude my federal loans from the bankruptcy proceeding but include other personal loans?

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Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
It depends on the federal loans. If you mean student loans, if the term of the loan repayment exceeds your chapter 13 plan, you don't have to repay that loan in your bankruptcy.
Answer Applies to: California
Replied: 8/26/2010
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
I'm not sure what you mean by federal loans, but you must list all assets and all debts in any bankruptcy case. Whether or not those debts are dischargeable is another question altogether.
Answer Applies to: California
Replied: 8/25/2010
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