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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 ...
Discharging your private student loans is a complex process. For premium support please call: 800-290-4726 more ways to reach us
Student borrowers with certain types of private loans inched closer to being able to discharge that debt in bankruptcy after a New York court ruling.
Usually cannot be discharged in bankruptcy. Private student loans generally cannot be discharged when a borrower files for bankruptcy. Due to an overhaul of the bankruptcy code in 1978, borrowers ...
Unlike other consumer loans, Congress made student loans, both federal and private, exempt from discharge (cancellation) in the event of a personal bankruptcy, except when repaying the student loan would represent an undue hardship on the borrower and the borrower's dependents. [2]
A new ruling found that a Colorado couple’s private student loans could be discharged when a borrower files for personal bankruptcy. Judge: Colorado couple could see $200,000 in student debt ...
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 ...
The report by the Student Borrower Protection Center is the first estimate of how much private student loan debt may be dischargeable in bankruptcy.
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