Tag Archives: student loans
Proposed Bill Would Make Discharging Student Loans in Bankruptcy Easier
Americans are carrying a staggering $1.7 trillion in student loan debt. Before the COVID-19 pandemic hit and a moratorium was placed on payments, 11 percent of student loans were 90 days or more past due or in default. With the economy still in turmoil, many experts expect defaults to increase when the moratorium ends this […]
Student Loans And Chapter 7 Bankruptcy
Given Congress’ position that student loans are to be repaid absent exceptional circumstances, courts hardly ever allow student loans to be discharged. However, if you file for Chapter 7 bankruptcy and can demonstrate that an exception applies, the debt may be dischargeable. To determine whether your current situation falls under an exception, consult a well-versed […]
