,

Congress takes up student loan bankruptcy-discharge bill

Yesterday Senator Richard Durbin (D-IL) and Senator John Cornyn (R-IL) introduced "Fresh Start Through Bankruptcy Act", bipartisan legislation, that will restore the ability to discharge student loans in bankruptcy. This is the first bipartisan…
, , ,

Supreme Court declines to hear case involving bankruptcy discharge of student loan debt

In bankruptcy, student loans are not dischargeable  unless the borrower initiates and can prevail on a separate lawsuit to determine that it would be an undue hardship to pay it back. Courts have interpreted this to be a relatively high standard,…