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In January, the Justice Department updated the attestation form that borrowers must complete to seek bankruptcy discharge of their federal student loans, Forbes reported. These changes include ...
Sen. Elizabeth Warren led some of her colleagues in calling on Biden's administration to bolster outreach to student-loan borrowers on bankruptcy.
The main goal of this form and review process is to ensure consistency and equity when courts handle student loan bankruptcy. That way, distressed borrowers have a fair chance of getting their ...
New guidance. In theory, student loan debt can be discharged in a bankruptcy proceeding. If the bankruptcy court approves the discharge, the debtor has to submit a separate filing to prove ...
Reforming guidance for student loan bankruptcy is one example of a debt relief tactic that has been less vulnerable to lawsuits. The administration has also opened the door for more students who ...
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...
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