The process for filing for student loan bankruptcy is more complex than the process for discharging other types of debt. Learn how to file and what debt qualifies.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows... 4 Defaults 5 Private loans 6 Loan servicers 7 Student loan asset-backed securities (SLABS) 8...
[12] Criticisms[edit] After the passage of the bankruptcy reform bill of 2005, even private student loans are not discharged during bankruptcy. This provided a credit-risk-free loan for the...
It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries....
many private student loan companies and the for-profit colleges that partner with them. Zibel... borrowers to reassess their finances and even consider whether “bankruptcy is right for...
Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court, according to a letter sent by the country’s top c...
Some student loans require a showing of undue hardship and an adversary proceeding to be discharged in bankruptcy. Other student loans are treated the same as other consumer unsecured debt.
Bankruptcy filings for student loan debt is an option, but more like a "Plan Z" strategy, according to one lending expert who spoke with Newsweek.
The CFPB sued student-loan company PHEAA, accusing it of ignoring borrowers' bankruptcy discharges and sending false information to credit agencies.
Student borrowers with certain types of private loans inched closer to being able to discharge that debt in bankruptcy after a New York court ruling.