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Bankruptcy

: The Debt Podcast

A conservative argument for bankruptcy reform ? Part 2 ? Make student loans dischargeable

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In Part 1, I discussed the necessity of cramdown to marshal rational behavior in the marketplace. Student loans are a rare exception to the bankruptcy discharge, meaning that only in the extreme of circumstances will a debtor be able to escape that financial obligation.  At first blush, this might seem fair, but the result of this [...]

Full post as published by The Debt Podcast on December 08, 2008 (boomark / email).

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