Student Loans Tougher to Discharge: “Undue Hardship” Examined
Steven J. Richardson | June 16, 2006
People with student loans have more to worry about with the implementation of BAPCPA. Originally, guaranteed student loans (those loans that were government-made, insured or guaranteed, and loans made by nonprofit institutions) were non-dischargeable in bankruptcy if they were less than seven (7) years old, unless the debtor could prove “undue hardship.” This later changed [...]