‘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. trillion in student loan debt, according to data from the Federal Reserve cited in the report accompanying the resolution.
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