Can Private Student Loans be Discharged in Bankruptcy?
Call: 888-297-6203 There is a difference between government and private student loan debt. However, in bankruptcy both were treated at par even though private student loans did not provide benefits like government ones yet could not be discharged like other unsecured debts. Since 2013, the Private Student Loan Bankruptcy Fairness Act is being mulled in Congress to level the playing field between borrowers and private student loan lenders. However, it needs to become law before any change can be seen, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. Private student loans were treated like [...]