Student Loan Debt Relief: New Bankruptcy Rules.
This act makes it easier for students to declare bankruptcy to discharge student loan debts. This means that after its enactment, student debts can be treated like other debts in bankruptcy proceedings, potentially helping individuals struggling with repayment.
Key points
Student loans can now be discharged in bankruptcy proceedings, similar to other types of debt.
The changes apply to bankruptcy cases filed on or after the law's effective date.
Status:
Expired
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