CFPB Calls For Modest Bankruptcy Reform for Private Student Loans
One of the most questionable changes to the Bankruptcy Code in the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was to extend the “undue hardship” standard to discharging private student loans. For New York bankruptcy, this meant that irrespective of who the lender was student debts were basically permanent. Fortunately, for federal loan …
CFPB Calls For Modest Bankruptcy Reform for Private Student Loans Read More »
