‘Undue Hardship’ Is Too Strict A Standard To Discharge Student Loans In Bankruptcy, ABA Argues
Collection Industry News
AUGUST 30, 2021
Bankruptcy Code to allow borrowers to discharge student loans without proving that repayment of the debt imposes an “undue hardship” on them or their dependents. It was the second-highest consumer debt category, behind only mortgages. John Cornyn of Texas introduced the Fresh Start Through Bankruptcy Act of 2021. Source: site.
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