Lexria Review: Student Loan Bankruptcy Help

The bottom line: Lexria can connect you with an attorney who previously helped student loan borrowers cancel their debts through bankruptcy. It is best for borrowers on private student loans who have already filed for bankruptcy – ideally within the last five years – but who do not include that debt.

Bankruptcy help for student loans

$ 299 when signed with an attorney.

$ 299 monthly payments during litigation.

12% of the amount eliminated through bankruptcy; If debts are not paid, you will not pay anything and the fees will be refunded.

Currently only available in certain federal states. Refer to the reset button for more information.

For and against


  • The money you paid will be refunded if your student debt is not reduced or paid.

  • Monthly payment plans for legal fees are available.


  • Lawyers may not be available in your area.

  • Payments of $ 299 per month are due during a dispute.

Full review

Lexria started its services in February 2020, originally under the name Reset Button. Lexria is not a law firm or provides legal advice. Rather, it is a technology company that connects student loan borrowers with seasoned bankruptcy attorneys.

While it is possible Terminate bankruptcy student loans, few borrowers take this step. One of Lexria co-founders Jason Iuliano, assistant professor of law at Villanova University, noted that only 0.1% of borrowers attempted to pay off student loans when they file for bankruptcy.

This low number is partly due to the fact that obtaining relief poses several hurdles, including:

  • Find a bankruptcy attorney who understands the student loan landscape.

  • Payment in addition Bankruptcy costs, for a lawsuit known as an opposing hearing.

  • Overcoming the lack of a set standard for the termination of loans by way of bankruptcy.

Lexria aims to address these challenges: it connects you with bankruptcy attorneys who have successfully obtained student loan waivers and offers a “restart guarantee” that will get your money back if no debt is paid.

Lexria can’t do anything about the dire bankruptcy standards – nor the fact that student loan companies are aggressively fighting these lawsuits. The Fresh Start Guarantee reimburses you for everything you paid out of pocket if your filing is unsuccessful, but you have to pay $ 299 every month during a lawsuit.

Ultimately, speaking to an attorney on the Lexria network will only cost you your time; You don’t pay anything until you sign with a lawyer. But even if you both feel that your student loans should be canceled for bankruptcy, you still may not get the relief you want or need.

Lexria details

Lexria makes a living collecting legal fees for non-legal administrative services related to their cases. You don’t pay Lexria; You pay the lawyer you work with after signing with him or her.

  • Fees: $ 299 initial payment, then $ 299 each additional month during litigation.

  • Total cost: You owe 12% of the dismissal amount; The fees you have already paid will be offset against this amount. If you do not receive discharge, you will not pay anything and the fees will be refunded.

  • Payment plans: If you can’t afford the total cost after a lawsuit, interest-free plans are available from $ 299 per month.

For example, let’s say your case lasts nine months and results in the discharge of $ 80,000 in student debt. You would owe $ 9,600 (12% of $ 80,000) minus the nine payments already made for $ 299.

That could end up being about as high as a bankruptcy attorney outside Lexria – the site uses $ 10,000 as a benchmark – but you might have to pay everything up front and get no guarantee of relief.

Keep in mind that Lexria fees are added to the original cost from the time you file for bankruptcy, which can range from hundreds to thousands of dollars.

Lexria is currently focused on borrowers who previously filed for bankruptcy without including their personal student loans, but may also be able to help post-bankrupt borrowers with federal loans.

Ideally, you’ve filed an application within the last five years and are in a similar position financially, which could mean you may never be able to repay the debt. However, there is no strict deadline.

In addition to your bankruptcy history, you might be a good candidate for Lexria if you:

  • High student debt.

  • Long-term struggles to repay student loans.

Lexria does not disclose the number of lawyers within its network.

Iuliano says lawyers are available in about a dozen states, but that number is growing. Lexria will connect you with a lawyer in your area, if available.

Lawyers do not pay Lexria to join their network or to provide leads. Lexria rigorously reviews every lawyer; Iuliano says the service turned down 70 to 80 percent of interested lawyers. Those who have been accepted all have a history of receiving student loans.

Before you decide to sign with one Bankruptcy attorney, ask your own questions about their experience – and success – with student loan disbursement.

Options besides bankruptcy

Lexria is not a law firm and cannot advise you on whether to file for bankruptcy at all. Bankruptcy can make sense if:

  • Your consumer debt – like credit cards or medical bills – makes up more than half of your income.

  • It would take at least five years to pay off this debt.

If you need help with student loans

If you are struggling with student loan debt, speak up first your servicer or lender to:

  • Discuss repayment options.

  • Take a temporary break from payments.

  • Temporarily reduce your monthly payments.

If the problem is with your lender or service provider, or you are not getting the help you need, find a legitimate student loan relief organization that offers advice. In addition to Lexria, consider these other verified resources for Help with student loans; they are established organizations or legal representatives with a verified history:

Many of these organizations offer free advice. In some cases, you may have to pay a fee, such as with a certified nonprofit credit counseling agency or when hiring a lawyer.

None of the above organizations will call, text, or email borrowers with debt settlement offers.

Offers of help that you did not use are likely to be fraudulent. While it’s not illegal for businesses to charge for services like consolidation or enrollment in a payment plan, you can do these steps yourself for free.

Avoid debt relief companies that ask for money up front.

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