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... Read More
What is Sub-Chapter V? On August 23, 2019 President Trump signed into law the Small Business Reorganization Act of 2019 (“SBRA”), which took effect on February 19, 2020. The SBRA was drafted to address small business debtors’ complaints regarding the cost and complexity of Chapter 11 filings under the Bankruptcy Code.