Go here (link below) to provide your input and tell the Department of Education what you would like to see changed regarding the discharge of your student loan
debts via bankruptcy using an Adversary Proceeding under the current law 11 USC § 523 (a)(8) Undue Hardship Exception!
Means tests vary from state to state and came
about via the Bankruptcy Abuse Prevention and Consumer Protection Act back in 2005.
Get «your» brains in gear on an organized, concerted national level, like our friends with gonads in Quebec have just done, and get on with firing those money
managers via BANKRUPTCY creating procedures.
But if your goals are to increase your cash flow by eliminating monthly payments, get a guaranteed return on your investment by avoiding future interest payments, and get rid of a loan that can not be
discharged via bankruptcy, then paying off student loans is the right way to go.
If your credit card debt is secured by a home, you can no longer discharge
it via bankruptcy or Chapter 7 filing
In the private sector, when legacy decisions leave enterprises ill - equipped to compete, they're given a chance to reinvent
themselves via bankruptcy.
If the service is never performed, then it's not possible to discharge
it via bankruptcy.
Thus, few ever attempt to discharge student loans
via bankruptcy.