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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 ...
Previously, student loan debt was rarely included in bankruptcy filings, as it was difficult to have it discharged. By overhauling the process, the government now evaluates several criteria to ...
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, was working multiple jobs to afford her monthly student-loan payments. Then came Biden's new bankruptcy guidance. How a student-loan borrower got $155,000 in debt wiped out ...
It's true that there's generally a higher threshold to cross if you want to discharge student loan debt in bankruptcy, but some borrowers have crossed it. Since Congress passed the Bankruptcy ...
BAPCPA amended § 523(a)(8) to broaden the types of educational ("student") loans that cannot be discharged in bankruptcy absent proof of "undue hardship." The nature of the lender is no longer relevant. Thus, even loans from "for-profit" or "non-governmental" entities are not dischargeable.
Student advocates are cheering long-awaited changes to the difficult process to discharge student loan debt in bankruptcy. The new streamlined process announced jointly by the Justice and ...
The lawsuit, which was first filed in 2017, breaks the myth that all student loan debt can’t be discharged in bankruptcy. While federal student loans are typically exempt from bankruptcy ...
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