Struggling with Student Loans in Montgomery, AL? Here’s What You Can Do
Struggling with Student Loans in Montgomery, AL? Here’s What You Can Do
Student loan debt has become one of the most significant financial burdens facing residents in Montgomery, Alabama. Whether you're a recent graduate trying to make ends meet or a parent who co-signed on a loan, the pressure of monthly payments, rising interest, and limited relief options can quickly feel overwhelming. The good news? There are ways to regain control—and legal solutions that may work in your favor.
The Reality of Student Loan Debt in Montgomery
Many people assume student loan debt is just a fact of life after college. But when payments stretch your budget too thin, keep you from saving, or threaten your ability to afford necessities, it becomes more than an inconvenience—it becomes a barrier to financial stability.
In Montgomery and throughout Alabama, countless borrowers are juggling student loans alongside credit card debt, medical bills, or mortgage payments. Missed payments can lead to wage garnishment, damaged credit, or even legal action. But this doesn’t have to be your path.
Can Bankruptcy Help with Student Loan Debt?
While student loans are more difficult to discharge than other types of debt, they are not completely immune to bankruptcy. Under certain conditions, it is possible to include them in a bankruptcy filing—particularly if you can demonstrate that repayment would create an undue hardship.
Even if full discharge isn’t granted, Chapter 13 bankruptcy can help in meaningful ways:
- Consolidated Payments: Chapter 13 allows you to roll your debts into one manageable monthly payment.
- Pause Collection Efforts: Filing immediately halts wage garnishments, collection calls, and lawsuits.
- Opportunity to Reorganize: You may be able to restructure payments on student loans and other unsecured debt like credit cards and medical bills.
- Reduced Pressure: Free up income by addressing more urgent debts first, buying time to deal with student loans more strategically.
You're Not Alone: Support Is Available
If you’re in Montgomery and feel buried by student loans, you don’t have to figure it out on your own. Whether your debt comes from attending college, helping a child go to school, or cosigning for a family member, there are legal pathways that may offer lasting relief.
At Backus Law Group, we help individuals and families explore options that align with their current income, household obligations, and long-term goals. Every case is different—which is why we take the time to understand your full financial picture before recommending a course of action.
What You Can Do Right Now
- Review Your Loan Details: Understand what types of student loans you have—federal, private, or both. Federal loans offer more flexible repayment and forgiveness options.
- Know Your Rights: If you're in default or facing garnishment, legal action can help you stop the bleeding.
- Schedule a Free Consultation: Talk with a bankruptcy attorney who understands Alabama laws and how student loan debt interacts with Chapter 13 filings.
Reclaim Your Financial Future Today
You don't have to let student loans dictate your financial decisions for the rest of your life. Whether you're behind on payments or just feel stuck in a cycle that’s not working, there are solutions worth exploring.
📞 Contact Backus Law Group today to schedule a free consultation and learn how we can help you move toward a stronger, more secure financial future.
