My question involves bankruptcy in the state of: California
I was considering filing for Chapter 7 Bankruptcy, I would like to know if my situation is considered undue hardship, in order to have my federal and private student loans discharged?
Currently I make $5160 net monthly income, $1235 IBR Fed Loan payment, $955 Private loan payment (120 month term), $700 Debt Management Credit Card payments, $550 non-debt managed credit card payments, $580 for Car pymt, insurance and gas, and $1000 Rent and Utilities. This leaves me with $140 dollars per month for food and I have not included the $6000 I owe my family.
I just graduated and am 28 years old. I work as a full-time pharmacist and there is no way I can continue to live like this for the next 25 years, in your
professional judgement, would I qualify? I have tried everyway possible to make good on the payments, but I am deliquent on several accounts.
Total fed student loan debt = $295,000
Total Private loan debt = $87,000
Total Credit card debt = $42,000
Medical Bills = $3500
Borrowed Money from family = $6000
Thanks for all your help.

