Bankruptcy
General information
Congress has decided that student loans are presumed to be non-dischargeable in bankruptcy proceedings under the United Stated bankruptcy Code. While debtors are protected from collection activity and garnishments while their bankruptcy cases are open, interest will continue to accrue on the loan. At the conclusion of the bankruptcy case, the borrower will be responsible for repayment of the entire outstanding balance.
Because student loans are presumed to be non-dischargeable in bankruptcy, the loan will need to be repaid when the bankruptcy case is complete. If you are receiving notices regarding the repayment of your student loan after you bankruptcy is complete, please follow the instructions provided in the communication.
Questions
If you have filed bankruptcy and ECMC is the holder of your loan, you can contact our bankruptcy unit with your questions at 888.363.4562, or by mail at:
ECMC
Attention: Bankruptcy Unit
P.O. Box 8809
Richmond, VA 23225-8809
