‘Very difficult’ to prevail under statute A federal Bankruptcy Court judge has ruled that a Chapter 7 debtor with $200,000 in student debt and no realistic ability to repay any significant portion under her present circumstances was not entitled to an undue hardship discharge under §523(a)(8) of the U.S. Bankruptcy Code. The debtor,
More than 10,000 Arizonans could see $111.9 million in federal student loan debt erased as part of a $5.8 billion loan discharge announced this week for former students of the now-defunct Corinthian Colleges.