I need clarification on the 10-year rule. I\’ve been told that \”You can claim bankruptcy on student loans if you have been out of school for ten years,\” and also that \”You can claim bankruptcy on student loans that are more than 10 years old.\”
Which is it? I stopped receiving student loans in 2003, so I assume that it will be ten years old in 2013. However, I am back in school doing graduate work, so I am not \”out of school for ten years,\” even though I haven\’t received student loans in almost ten years.
