Bankruptcy and Student Loans
Before Bill Clinton became President, Student Loans were Dischargeable in Bankruptcy provided that the Student Loan was over seven years old, absent any deferrals. Congress, with Clinton’s cooperation, removed the seven year rule. In 2005, Congress and George W Bush, enacted new Bankruptcy Legislation that provided that almost no Student Loans can be Discharged in Bankruptcy. One of the few ways that a bankruptcy attorney can provide for a Student Loan to be Discharged in Bankruptcy is if he or she can successfully convince a Read More +