A Judge Simply Wiped Out This Man’s $221,000 In Pupil Debt

A Judge Simply Wiped Out This Man’s $221,000 In Pupil Debt

A current personal bankruptcy courtroom choice discharged $221,000 in education loan financial obligation.

A unique York personal personal personal bankruptcy judge purchased that the man’s $221,000 in figuratively speaking be discharged — a possibly considerable development in student loan personal personal personal bankruptcy jurisprudence.

It’s very difficult, but not totally impossible, for consumers to discharge student education loans in personal personal personal bankruptcy. The national personal personal bankruptcy rule snacks pupil loans differently off their forms of unsecured debt (such as for instance personal credit card debt or health debt). So that you can discharge their particular student education loans in personal personal bankruptcy, education loan consumers must show from repaying their student loans that they have an “undue hardship” that would prevent them. Read the rest of this entry »