Bankruptcy

If you have filed for protection under the U.S. Bankruptcy Code, you should notify your servicer immediately so they may stop collection efforts on your account. 

Federal student loans are not dischargeable in bankruptcy unless you have filed a Chapter 7 action with a Petition of Undue Hardship.  Your lender or servicer, however, is required to suspend collection efforts once they have received notification of your bankruptcy action.

Your servicer will probably ask you to supply a copy of the Notice of First Meeting of Creditors, or a similar document that provides evidence of your bankruptcy filing.  If you don’t have a copy of this document, give your servicer the name and phone number of your attorney, and, if possible, the number of your case in court.

For a list of servicers with their addresses, toll-free numbers, and e-mail addresses, click here.