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Bankruptcy

: The Debt Podcast

The Dilemma of Private Student Loans in Bankruptcy

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The misleadingly named Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created a dilemma for debtors with private student loan obligations. That act extended the undue hardship requirement for discharge in bankruptcy to private student loans without making available the Federal reduced payment plans that partially relieved burdens to lower-income debtors. If the entire obligation [...]

Full post as published by The Debt Podcast on May 15, 2009 (boomark / email).

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