Sometimes Student Loans Can Be Discharged

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 [...]

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 [...]