Student Loan Angel solution
Chapter 7 Bankruptcy
Chapter 7 wipes out unsecured debts — credit cards, medical bills, personal loans — within months. Student loans are not discharged automatically; that takes a separate lawsuit inside the case. Attorney service, available in California.
Eligibility requirements
- California residence and passing the means test based on income and household size
- No Chapter 7 discharge within the last eight years
- Six months of pay stubs, two years of tax returns, and bank statements
Timing and considerations
A credit counseling course is required before filing. Discharge typically follows in three to five months.