A New Approach to Tackling Student Loans in Bankruptcy
While the road through Chapter 13 bankruptcy may be tenuous for student loan debtors, court-based student loan management programs provide all the elements that are needed for them to access and successfully navigate the existing federal student loan repayment options.
June 30, 2022 at 12:05 PM
6 minute read
With student loans ranking as the second highest source of consumer debt in the United States, the federal government took significant measures starting at the onset of the COVID-19 economic crisis to protect student loan borrowers with loan repayment moratoriums. As these moratoriums are due to expire, many debtors will soon be faced with the challenge of how to repay and manage their debt. While bankruptcy traditionally has been seen as a challenging pathway for debtors with student loans, court-based student loan management programs have been adopted to facilitate the repayment and resolution of student loan debt within the chapter 13 bankruptcy process.
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