Dischargeability of Student Loan Debt in Bankruptcy

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Title 11 U.S.C. § 523(a)(8) of the United States Bankruptcy Code provides that, in order to obtain a discharge of an otherwise nondischargeable student loan, an individual in bankruptcy (the “debtor”) must establish that he and his dependents would suffer an undue hardship if he were required to repay the student loan.

In December 2005, the Fourth Circuit adopted the so-called Brunner three-part test for determining dischargeability of student loan debt in chapter 7 cases. The Court had previously applied the Brunner test for determining the dischargeability of student loan debt in chapter 13 cases....

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Topics:  Bankruptcy Code, Chapter 13, Chapter 7, Student Loans, Undue Hardship

Published In: Bankruptcy Updates, Education Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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