New! Bankruptcy can now help millions with their student loans
New! Bankruptcy can now help millions clear their student loans.
Pre-pandemic, ten million Americans were nine months or more behind on their student loans. And until just now, government lawyers would fight tooth and nail if you asked the bankruptcy court to help you with them.
For some people, that policy is turned on its head. Government lawyers can now come into court and support you in front of the bankruptcy judge. This does not make discharging your student loans automatic. But it means trying to clear them is no longer hopeless.