If I put all of my student loan debt on a credit card, could I cancel this out by declaring bankruptcy?
I right away owe $45,000 in tyro loans as well as we am carrying a tough time profitable them off. The loans have been in isolation (sallie mae) as well as we am not elligible for consolidating them around sovereign loans since we am not a US citizen. we was not means to get a visa so we had to leave a US. we live in Europe now.
I assimilate which dogmatic failure would not terminate out a tyro loans, though we have review which failure could terminate out credit label debt. we have a great credit measure (790), so since a little time, with an even aloft credit score, we might be means to send my loans to a couple of credit cards.
What have been a laws per credit label debt as well as bankruptcy? What disproportion does it have which we am not a US adult as well as do not live in a US?
First of all, you would get caught and that is considered fraud.
I would strongly advise you not to go that way. You will carry that mark against you for life. Talk to your student loan creditors and tell them that you are doing it really tough. Most will understand and help you come to a better arrangement that’s suitable to you both. I have been in a similar position to you and I worked out a solution with my creditors. Maybe you could talk to a financial adviser who could show you various options. Good Luck.