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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 ...
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 ...
How Justice Department changes have made student loan bankruptcy easier. On Nov. 17, ... However, new rules and guidance could make the process easier for distressed borrowers.
Indeed, the National Consumer Law Center noted that student loans are dischargeable in bankruptcy only because of undue hardship, and current bankruptcy court practice has made “such discharges ...
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...
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 ...
Sen. Elizabeth Warren led some of her colleagues in calling on Biden's administration to bolster outreach to student-loan borrowers on bankruptcy.
More student loan borrows have successfully received debt relief through bankruptcy after the Biden administration made a policy change to make the process easier nearly two years ago, according ...
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related to: updated student loan bankruptcy guidance centerassistantdog.com has been visited by 10K+ users in the past month