QUESTION
Can creditors garnish my wages for an old school loan?
Asked on Mar 09th, 2012 on Bankruptcy - Missouri
More details to this question:
After 11 or 12 years, I am being threatened with wage garnishments for an old school loan. I have not talked to them in at least 10 years. Are they able to just garnish at this point? Time's are tough and at this time I just can't afford it!
3 ANSWERS
Business Bankruptcy Attorney serving Raleigh, NC
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J.M. Cook, P.A.
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No, they cannot garnish your wages under NC law.
Answered on Mar 12th, 2012 at 8:38 AM
Chapter 7 Bankruptcy Attorney serving Clinton, MS
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Timothy Kevin Byrne Attorney at Law
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Student loans are not dischargeable. Many states and the federal government provide exemptions for student loan debts from statute of limitation protections.
Answered on Mar 09th, 2012 at 2:42 PM
Yes Student loans go on forever, but the creditor must first sue you and obtain a judgment. Contact an attorney and he or she may help resolve this for you.
Answered on Mar 09th, 2012 at 1:55 PM