Is Student Loan Debt Now Dischargeable Through Bankruptcy? It Really Is Complicated

Is Student Loan Debt Now Dischargeable Through Bankruptcy? It Really Is Complicated

Brittany Hunter

History had been made earlier in the day this when a fresh York judge ruled that US Navy veteran Kevin Rosenberg’s $221,385.49 thirty days education loan financial obligation stability is dischargeable under Chapter 7 bankruptcy.

Before the ruling, trying to dismiss education loan financial obligation through bankruptcy ended up being extremely hard, or even altogether impossible. Unlike other types of personal debt, and this can be erased after filing for bankruptcy, education loan financial obligation could be the only kind considered ineligible for dismissal unless particular appropriate requirements are happy.