Current court rulings could show more willingness to let individuals discharge figuratively speaking through bankruptcy, but advocates state requirement for legislation continues to be.
A determination this week with a judge that is federal New York illustrates exactly how some courts have actually in past times several years managed to make it easier for those who have crippling education loan financial obligation to seek bankruptcy relief, say customer advocates and appropriate professionals.
But while advocates like John Rao, a National Consumer Law Center bankruptcy specialist, look at trend as positive, they still think federal regulations have to be changed making it more straightforward to discharge student education loans through bankruptcy. Continue reading “Changing Court Attitudes on Bankruptcies”