By Jeff Field | Published May 15, 2022 | Posted in Bankruptcy | Tagged Tags: Brunner Test, student loan debt, student loan discharges, student loan relief in bankruptcy | Leave a comment
Proving “Undue Hardship” to Discharge Student Loan Debt
Americans are now burdened by $1.75 trillion in student loan debt. That’s twice as much as the $856 billion Americans owe on credit cards. Not surprisingly, a large number of people who file for bankruptcy have student loan debt. Unfortunately, only about 1 percent of them even try to get that debt discharged. Part of Read More
Read MoreWill I Be Able to Eliminate All or Part of My Student Loan Debt by Declaring Bankruptcy?
One of the largest sources of consumer debt is federal student loans. Student loan debt is increasing in staggering numbers, and people are having a difficult time keeping up with the payments. A recent report by the Federal Reserve Board of New York estimates that the total amount of outstanding student loans in the United Read More
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