Chief Bankruptcy Judge Cecelia Morris in the Bankruptcy Court for the Southern District recently reinterpreted Brunner’s “undue hardship” test and discharged over $220,000 in student loan debt. This ...
When the Bankruptcy Code was first enacted in 1978, student loan debt could be discharged either after the passage of five years since the repayment obligation began, or if repayment would impose an ...
・Student loans can be discharged in bankruptcy, but it’s rare. Only about 0.04% of borrowers who file for bankruptcy succeed in getting relief. ・Undue Hardship is a standard that must be met, but due ...