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Thursday, July 17, 2014

Is your student loan company not working with you as to agreeable payment terms?

Chapter 13 bankruptcy can be a way to resolve this. With chapter 13, you'll pay back a portion of your unsecured debts, usually from 10% up to 100% based on your income and assets. You can stretch these payments up to 5 years. The student loan company cannot collect from you during the bankruptcy. You can make additional payments to pay it down though, as the interest will still run on the unpaid portion while you are in the case. Most debtors are able to work out more agreeable payment terms with the student loan companies after the chapter 13 is completed. Contact us today at 312-346-7400 or visit LeedersLaw.com for more information. We offer free consultations too!
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