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