Student loans and bankruptcy: a sticky situation

Recently I published an article over on AVVO about how debtors trying to get themselves out of student loans through a bankruptcy filing soon find themselves caught in a Catch-22 situation. You can read it here.

It wasn’t always this way; up to the mid 1990’s, student loans were dischargeable in bankruptcy seven years after graduation. It was a fair rule, and should be restored. Call your Congressman!

 

By Doug Beaton

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