Diane J. Kim, left, and Rudolph DiMassa, right, of Duane Morris. Courtesy photos Clarifying 'Undue Hardship': Discharge Remains Possible, but Not Easy
On Nov. 17, Biden's administration published instructive guidance to the Department of Education and the Department of Justice on how to treat student loan debt relief in bankruptcy court by standardizing the burden of "undue hardship" under Section 523(a)(8) of the Bankruptcy Code.
December 22, 2022 at 01:32 PM
7 minute read
Bankruptcy
On Aug. 24, President Joe Biden announced the plan to forgive up to $10,000 in federal student debt for qualifying borrowers. This relief, however, was challenged in the courts and is now pending before the U.S. Supreme Court.
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