Can you discharge student loans in bankruptcy?
Will you be able to discharge your student loans in bankruptcy?The Student Borrower Bankruptcy Relief Act of 2019
A new bicameral bill in Congress may help the nation's 44 million student loan borrowers have access to bankruptcy relief.Dick Durbin and Elizabeth Warren as well as U.S. Representatives Jerrold Nadler and John Katko eliminate the section of the U.S. bankruptcy code that prevents federal students loans and private student loans from being dischargeable in bankruptcy.
“Long before I came to the Senate, I fought my heart out to keep student loans dischargeable in bankruptcy," Warren said."But over and over again, Congress chipped away at this critical protection for student loan borrowers.”cancelling student loan debt and making college free for millions of Americans.Unlike other types of consumer debt such as credit card and mortgages, student loans traditionally cannot be discharged in bankruptcy. In 2005, Congress passed, and President George W.
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