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A Welcome Step Toward Justice: New Bill Would Finally Make Student Loans Dischargeable in Bankruptcy
For decades, bankruptcy practitioners like myself have watched clients walk through our doors buried under student loan debt—only to discover that relief under the Bankruptcy Code is largely off-limits. The reason? An impossibly high legal standard requiring borrowers to prove “undue hardship” to discharge their student loans, a vague and outdated threshold that has turned
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Bill introduced to discharge student loans in bankruptcy
H.R.9110, a bill to provide bankruptcy relief for student borrowers, was introduced on September 30, 2022, by Rep. Jerry Nadler (D-NY-10). The text of the bill is not yet available, but its title “The Student Borrower Bankruptcy Relief Act” is certainly encouraging. Watch this space. https://www.congress.gov/bill/117th-congress/house-bill/9110
