Free Telephone Consultation

Stay connected with us:

Schedule a Free Phone Consultation

Student Loan Debt and Bankruptcy in Burlington County, NJ

Student Loan Statistics

If you are overwhelmed making your student loan payments every month, you are not alone. According to American Student Assistance, approximately 12 million college students take out student loans every year. That means 60% of American college students are borrowing money for their education annually.

Student loans can take decades to pay off, and the burden of monthly payments became far more difficult in the wake of all-time high unemployment rates. It is not uncommon for recent graduates to search for a job in their field for upwards of year, and in the meantime, their student loan payments start becoming due. Making loan payments can be difficult for recent graduates in entry level positions but nearly impossible for those who have yet to find reasonable employment.

If you were a victim of this situation, it is understandable why you fell behind on your loans and are now in debt. You have options to better your financial well-being, and the South Jersey bankruptcy lawyers at McDowell Posternock Apell & Detrick, PC will gladly review them with you.

Bankruptcy as a Solution

It is rare that declaring bankruptcy will result in discharging your student loan debt through Chapter 7 bankruptcy. To discharge – meaning, to eliminate – student loan debt, you must be able to prove an undue hardship, like permanent disability, that prevents you from being able to pay off the loans. That being said, Chapter 7 bankruptcy can eliminate other debts you may have, such as credit card debt, making it easier to handle your monthly student loan payments.

How can a bankruptcy lawyer help me with my student loans?

  • Declaring bankruptcy can improve your financial situation and give you a fresh start so that you can start to pay down your student loans.
  • Filing for bankruptcy prevents all creditors from contacting you about outstanding debts.
  • A bankruptcy lawyer will help you rebuild your credit after bankruptcy discharge.

Seek bankruptcy advice with a free phone consultation

If you have fallen behind on your student loan payments and are now in debt, the bankruptcy attorneys at McDowell Posternock Apell & Detrick, PC can help you determine which loans can be discharged through bankruptcy and which can be paid off a better way. Call the South Jersey bankruptcy attorneys at MPAD Law today or fill out the contact form to learn the best way to handle your student loan debt.

i felt as if she was looking
out for us like family

We closed our house sale yesterday with Melanie Levan. She was so professional, knowledgeable and great to work with. I felt as if she was looking out for us like family. I highly recommend her.

Debbie Poley Thompson

Our Awards

McDowell Posternock Apell & Detrick attorneys have received recognition from various groups and publications. Specific awards are noted on our attorney bios. More information about each of these awards and the methodology used for selection can be found on the following links. Super Lawyers, Awesome Attorneys, South Jersey Biz Best Attorneys in Business. No aspect of these accolades has been approved by the Supreme Court of New Jersey.

Schedule a Free Phone Consultation

Fill out the form below to receive a free and confidential initial consultation.
For immediate assistance during business hours, call us at (856) 861-3474.
*Bankruptcy consultations may be scheduled in person

Toll Free




Maple Shade

46 West Main Street
Maple Shade, NJ 08052

Fax: (856) 482-5511

Map & Directions


400 North Church St. Suite 250
Moorestown, NJ 08057

Fax: (856) 642-6148

Map & Directions

Browns Mills

57 Juliustown Rd
Browns Mills, NJ 08015

Fax: (609) 893-1277

Map & Directions


1528 Walnut St, Suite 2015
Philadelphia, PA 19102


Map & Directions

Stay connected with us: