If you settle student loan debt after bankruptcy, you will not be able to use the bankruptcy exception to Forgiven Debt Income Tax, but you might still qualify for the insolvency exception. In any event, when settling private student loan debt, you must take into consideration the potential tax consequences.
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Published In:
Consumer Protection Updates, Tax Law Updates, Bankruptcy Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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