Steven J. Richardson | June 14, 2010
Student loans, although not automatically nondischargeable (i.e. not wiped out in bankruptcy), have been notoriously difficult to get rid of. This is because, in order to succeed, a debtor must show “undue hardship.” But with everyone in bankruptcy suffering from financial hardship, what does this really mean? I discussed this issue in a post a [...]
Category: Bankruptcy, News |
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Tags: Bankruptcy, discharge, student loans
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 [...]
Category: Bankruptcy, Library |
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Tags: Bankruptcy, student loans