The most widely used test for evaluating undue hardship in the dischargeability of a student loan includes three conditions: (1) the debtor cannot maintain – based on current income and expenses – a minimal standard of living if forced to repay the loans; (2) there are indications that the state of affairs is likely to persist for a significant portion of the repayment period; and (3) the debtor made good faith efforts to repay the loans.
See more, here.
Schedule an appointment with us today at our Vacaville or Fairfield offices!
VACAVILLE OFFICE
601 Buck Avenue
Vacaville, CA 95688
707.452.9606
FAIRFIELD OFFICE
727 Texas Street
Fairfield, CA 94533
707.421.7800
No comments:
Post a Comment