Is there any help in bankruptcy for student loans?
During his presidential campaign, Joe Biden promised to help people who can’t pay their student loans.
There’s more that can be done. That’s why pressure is building to treat student loan debt in bankruptcy like any other debt: Ordinary debts debts that you can clear in bankruptcy if you can meet the bankruptcy requirements showing that you can’t pay.
Government lawyers, the U.S. Department of Justice, go into bankruptcy court and fight against consumers trying to prove “undue hardship.” Those government lawyers argue that the consumer should work longer hours or get their children to work to help pay for the loans.
Biden can call off those government lawyers.