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Is Student Loan Debt Now Dischargeable Through Bankruptcy? It Is Complicated

Is Student Loan Debt Now Dischargeable Through Bankruptcy? It Is Complicated

Brittany Hunter

History had been made earlier this when a fresh York judge ruled that US Navy veteran Kevin Rosenberg’s $221,385.49 thirty days education loan financial obligation stability is dischargeable under Chapter 7 bankruptcy.

Ahead of the ruling, wanting to dismiss education loan financial obligation through bankruptcy had been exceedingly hard, if you don’t entirely impossible. Unlike other forms of personal debt, and this can be erased after filing for bankruptcy, education loan financial obligation could be the only kind considered ineligible for dismissal unless specific appropriate requirements are pleased.