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These loans cannot be discharged by filing for personal bankruptcy.
(As long as the debts are eligible, of course. Some debts, like student loans, cannot be discharged in a bankruptcy).
AND unlike credit card and other unsecured debt, private student loans cannot be wiped away in bankruptcy.
Loans cannot be made for more than a year, though for high fees they can be rolled over for another year or two.
There is a common misperception that student loans cannot be discharged in bankruptcy, in part because it is so difficult to do so.
"The boom depends on access to capital," according to the report, because more generous loans cannot be extended to car buyers without it.
Similar(33)
A permanent conventional loan cannot be issued for more than a house is worth.
The principles are straightforward and reasonable: a loan cannot be classified as accrual if you do not expect it to be repaid in full.
The size of the new primary loan cannot be more than 97.75 percent of the current value of the property; refinanced loans for homeowners whose properties carry second liens cannot exceed 15 percent of the property value.
As a result, the loan cannot be opened to subscription until certain clauses of monetary law are repealed and other changes made in legislation enacted recently concerning gold payments on loans.
Most of the loan cannot be tapped until after the elections, and the left-wing candidates strongly implied today that they will continue the current belt-tightening budget policies in order to satisfy the fund.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com