Tax Debt and Student Loans

Tax Debt, Student Loans and Bankruptcy

Ohio Lawyers Providing the Fresh Start You Deserve

Generally, tax and student loan debt is difficult to discharge through bankruptcy. There are, however, options in specific cases.

Can I Discharge Student Loans through Bankruptcy?

A debtor must prove "undue hardship" to have student loans discharged through bankruptcy protection. This can be extremely challenging but we have done it in many appropriate cases including the Marshall student loan case. Examples in which debtors were able to prove undue hardship include:

  • Disability (disabled debtor or disabled dependent of the debtor)
  • A fixed income with no potential for increase or payment
  • Unfair student loan term
  • Family or other issues preventing the debtor from earning an income

Generally, older student loan debt is more easily discharged through bankruptcy than newer, more current debt.

Can I Discharge Tax Debt through Bankruptcy?

Bankruptcy laws generally don't permit the discharge of tax debt. However, under certain circumstances, some tax debt, but not all, can be discharged. In Chapter 11 and Chapter 13 cases, some debtors may be able stop tax interest from accruing and/or avoid tax penalties. Additionally, some debtors may be able to consolidate tax debt and arrange a more favorable repayment plan.

Contact Us for More Information on Your Debt Relief Options

No Web page can fully describe your debt relief options. The best way to obtain information and make informed decisions regarding unmanageable debt is to discuss your situation with an experienced bankruptcy law attorney. The lawyers of the Cincinnati, Ohio, bankruptcy law firm of Minnillo & Jenkins have helped thousands clients reduce debt and achieve a fresh start through bankruptcy and alternatives to bankruptcy. For more information, contact our firm for a no-charge consultation.

How to Contact Us

Has your business declined? Have you drastically under-withheld your tax deductions? Have you cashed out your 401(k) or IRA and now facing difficult tax payment issues? For effective tax and student loan legal help, contact Minnillo & Jenkins. We provide free initial consultations and charge affordable, competitive rates. To schedule a free initial consultation with a bankruptcy lawyer at Minnillo & Jenkins, call 513.723.1600 or contact us online.

We have five convenient offices with free parking to serve you. Evening and weekend appointments available.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.