Effect of Bankruptcy on Student Loans

Since the changes to the Bankruptcy Code made under the Bankruptcy Abuse Prevention and Consumer Protections Act of 2005, it has generally been thought that discharging student loans in Bankruptcy is nearly impossible; however, in many circumstances that is not the case.   In order to discharge student loan debt under the Bankruptcy Code, a debtor must show that repayment of said loans would impose an “undue...
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