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Are You Overwhelmed By Student Loans?

Higher education is more expensive than it has ever been. With the price of a university education rising far faster than the wages for an average job, it is no wonder that thousands of people find themselves crushed beneath the weight of student loans that they have no idea how to pay back. If you are one of them, you have likely experienced feelings of frustration, guilt or even shame.

Fortunately, you do not need to feel that way. At Gentry Arnold PLLC, our student loan debt attorneys have vast experience in restructuring finances so that you can find a way out of your predicament. We have helped countless clients around Memphis and throughout Tennessee. We can help you find answers, too.

We believe in personalized, face-to-face service. You are more than just a case number.

The Challenge Of Student Loans

Many kinds of debt are dischargeable through consumer bankruptcy. By filing for Chapter 7 or Chapter 13, you can eliminate certain kinds of debts, such as credit card bills, and consolidate others into a single, manageable payment.

While discharging student loans through bankruptcy is sometimes possible, it is very rare for a debtor to meet the “undue hardship” standard used by the court to determine whether student loans can be discharged through bankruptcy. The criteria used by the courts to make that determination can include whether the debtor is disabled, whether or not the debtor can maintain a minimal standard of living if he or she has to repay the loan, and whether or not the “hardship” is permanent. After evaluating your situation, our lawyers will be able to tell if you may qualify for the hardship standard.

Restructuring And Eliminating Debt

Although discharging your student loans in bankruptcy is likely not an option, bankruptcy can still be beneficial. By eliminating other kinds of dischargeable debt, you can then focus your resources on student loan payments. Debt you can eliminate through bankruptcy includes:

  • Credit card debt
  • Medical bills

  • Personal loans
  • Tax debt that is past a certain age
  • Utility bills
  • Debts that have entered collections

Many people are not wrestling with only one kind of debt, but many. If that is your situation, we can focus on eliminating the debts that qualify for discharge and consolidating the debts that do not. This will free up the resources you need to get your life back on track.

Get The Life Preserver You Need

You do not need to drown in debt. Our attorneys will throw you the lifeline that will pull you out of financial difficulty and set you back on the path to stability. Contact us through our online form or by phone: 901-591-8800.