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1 lip 2024 · Effective July 1, 2024, a new Department of Education regulation substantially changes how income-driven repayment (IDR) plans are treated when a student loan borrower is a debtor in a chapter 13 bankruptcy case.
17 lis 2022 · This memorandum provides guidance (Guidance) to Department of Justice (Department) attorneys regarding requests to discharge student loans in bankruptcy cases. Developed in coordination with the Department of Education (Education), this Guidance will enhance consistency and equity in the handling of these cases.
17 lis 2022 · The new process will help ensure transparent and consistent expectations for the discharge of student loan debt in bankruptcy; reduce the burden on debtors of pursuing such proceedings; and make it easier for Justice Department attorneys to identify cases where discharge is appropriate.
17 kwi 2024 · Effective July 1, a new Department of Education rule provides new relief for how a student loan borrower’s income-driven repayment plan is treated if the borrower is in a chapter 13 bankruptcy. The article explains four key new protections that the new rule will implement and provides four essential practice tips for dealing with student ...
5 cze 2024 · Links to guidance from the Department of Justice on federal student loan relief in bankruptcy and related documents are available here. The Department's New Process for Student Loan Bankruptcy Discharge Cases.
9 maj 2024 · Chapter 13 bankruptcy can stop your student loan company from harassing you during your bankruptcy for up to five years. Why? When you file for Chapter 13 bankruptcy, an automatic stay goes into effect, prohibiting almost all creditors from collecting their debts, including student loan lenders.
New Process to Discharge Student Loans in Bankruptcy By John Rao December 12, 2022 (updated March 7, 2023) A new Guidance from the Department of Justice (Department), issued in coordination with the Department of Education (Education), has the potential to change bankruptcy practice dramatically.
