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Legal Institutions Are Not Prepared For More Student Loan Bankruptcies

Source Date: 
Wednesday, April 4, 2018
Link: 
Above The Law-Legal Institutions Are Not Prepared...
Tags: 
bankruptcy, student debt, student debt crisis, economy
Categories: 
Resource, Finance

I am sure that numerous readers of this column have already seen articles about how the Trump Administration may make it easier to discharge student loans in bankruptcy.  Many of us already know that student debt is extremely difficult to erase through bankruptcy.  This, of course makes sense, since student loans are typically not backed by any type of collateral, so it seems reasonable that this debt would be difficult to discharge.

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