U.S. Department of Education Seeks to Define “Undue Hardship” Regarding the Discharge of scholar Loan Debt in Bankruptcy

U.S. Department of Education Seeks to Define “Undue Hardship” Regarding the Discharge of scholar Loan Debt in Bankruptcy

Presently, the U.S. Bankruptcy Code provides that figuratively speaking can just only be released in bankruptcy if excepting your debt from release would impose a hardship that is“undue regarding the debtor as well as the borrower’s dependents. However the Code does not give you a meaning or test for determining hardship that is undue. It’s left to bankruptcy courts to determine undue difficulty for education loan borrowers. Which could quickly alter. Previously in 2010, the U.S. Continue reading “U.S. Department of Education Seeks to Define “Undue Hardship” Regarding the Discharge of scholar Loan Debt in Bankruptcy”