Posts in Category: Moneylion Loan

U.S. Department of Education Seeks to Define “Undue Hardship” Regarding the Discharge of scholar Loan Debt in Bankruptcy

U.S. Department of Education Seeks to Define “Undue Hardship” Regarding the Discharge of scholar Loan Debt in Bankruptcy

Presently, the U.S. Bankruptcy Code provides that figuratively speaking is only able to be released in bankruptcy if excepting your debt from release would impose a hardship that is“undue in the debtor while the borrower’s dependents. Nevertheless the Code does not provide a meaning or test for determining hardship that is undue.