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  1. #1
    Join Date
    May 2008
    Location
    los angeles, ca
    Posts
    18

    Default Private Student Loans, Sallie Mae Was Bought by Wells Fargo

    My question involves collection proceedings in the State of: California

    helping out a friend of mine... she dropped out of school (private university), her student loans were by sallie mae and bought be wells fargo. she is $140k in debt and has not worked in years, unable to secure a job, but i see she has been trying daily.

    since its a private student loan bought by another company can she file bankruptcy or how can she settle for the original amount of $80k.

  2. #2
    Join Date
    Apr 2009
    Location
    Somewhere near Canada
    Posts
    35,894

    Default Re: Private Student Loans, Sallie Mae Was Bought by Wells Fargo

    There is more than one type of loan offered by Sallie Mae; she really needs to talk to an experienced bk attorney who can advise whether the loans may be dischargeable.

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