Federal law has long protected students loans from discharge in bankruptcy in all but the most rare instances, recognizing the problems (and costs) associated with allowing borrowers to wipe out defaulted debts through a bankruptcy filing. But as the issues of access to college and affordability become frequent topics in political discourse, new ideas for radical changes to the dischargeability of student debt have been proposed. Lenders and servicers need to be up to speed on those proposals and ready to adjust their operations if any become law.
Our webinar will provide an overview of the debate on student loans and the ability to discharge such debts in bankruptcy. In particular, we will focus on the recently-issued Final Report and recommendations from the American Bankruptcy Institute's Commission on Consumer Bankruptcy as well as the recently introduced legislation on the subject.
Presentation Slides and Webinar Recording
Download a PDF copy of "Student Loans in Bankruptcy: What's on the Horizon?"