Department of Education releases RFI on undue hardship threshold

On February 21, the Department of Education published a Request for Information (RFI) seeking feedback on whether there is a need to clarify the threshold for “undue hardship” when evaluating bankruptcy cases in which borrowers seek to discharge student loans. According to the RFI, current U.S.

Filed under:
USA, Company & Commercial, Insolvency & Restructuring, Orrick, Herrington & Sutcliffe LLP, US Department of Education
Location:
USA
Firm:
Orrick, Herrington & Sutcliffe LLP
Lesson Learned: Sometimes Paying Zero Is Still Too Much for Student Debtors

As we have discussed in prior blog posts, The Battle of the Student Loan Discharge, The Eternal Pursuit to Collect: Due Process Rights and Actions to Collect on a Debtor’s Defaulted Student Loans

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USA, Insolvency & Restructuring, Litigation, Public, Weil Gotshal & Manges LLP, Bankruptcy, Credit (finance), Debtor, Interest, Debt, Due process, Balance sheet, Undue hardship, Student loan, Bankruptcy discharge, US Department of Education, Eighth Circuit, United States bankruptcy court
Location:
USA
Firm:
Weil Gotshal & Manges LLP