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AccessLex Institute Statement on modifications to Bankruptcy Code to guard Student Loan Borrowers

AccessLex Institute announced its help for restructuring the treating student education loans beneath the Bankruptcy Code to better assist borrowers in monetary stress. This proposition supplements AccessLex Institute’s help of varied other, student-borrower positions that are friendly.

Just before 1976, figuratively speaking, just like amscot in kissimmee florida other types of unsecured credit, had been dischargeable in bankruptcy; but changes made throughout the last 40 years to your Bankruptcy Code have actually triggered extremely burdensome procedural and hurdles that are substantive the discharge of student education loans by borrowers. Continue reading