Sentences with phrase «nondischargeable student»
According to Fed research, Powell noted, nondischargeable student loan debt has long - term negative effects on the path of borrowers» economic life.
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Student loan obligations are presumptively nondischargeable in bankruptcy absent a showing of «undue hardship.»
Student loans — both federal and private — are, along with taxes and child support, nondischargeable, meaning that not even bankruptcy can get rid of the debt [source: Dugas].
The magnitude of this problem is, in fact, rather large and has led billions of dollars of student loan debt to be misclassified as nondischargeable.»
In 2005, Congress amended the Bankruptcy Code to make private student loans nondischargeable in bankruptcy absent «undue hardship» — the same standard that applies to federal student loans.
Generally speaking, the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and / or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; nondischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures.
If such were the case, would not a loan for a car used by a commuter student to travel to and from school every day be nondischargeable under § 523 (a)(8)(A)(ii)?
The graduation into a shrunken legal sector of students with hundreds of thousands of dollars of student debt, nondischargeable in bankruptcy, can not continue.
Under current U.S. bankruptcy law, all student loans are nondischargeable unless the debtor can establish «undue hardship» under a test that requires proof (among other things) that the debtor will not be able to repay the loan in the future — i.e., permanent disability — a very tough standard.