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The new processes established by the Department of Justice in 2022 has made it easier for borrowers to discharge student loans through bankruptcy. Filing for student loan bankruptcy is never ideal ...
Student loan payments resumed in October 2023, with the average payment estimated at $200 to $299 per month, according to U.S. Federal Reserve data reported on by Fox Business. See: Biden Cancels...
Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...
Alrena Dale, 61, got $155,000 in student loans discharged through bankruptcy. Biden's new bankruptcy guidance, aimed at easing the process for borrowers, made that possible. Some attorneys told BI ...
Federal student loans may be eligible for administrative discharge. Those provisions do not apply to private loans, although private loans may be subject to discharge in bankruptcy. [84] One study found that a quarter million student debtors file for bankruptcy each year.
Student loans are considered investments in the debtor’s future earning potential, said Levon L. Galstyan, CPA at Oak View Law Group. Therefore, Galstyan said it is in the public interest to ...
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