Articles Tagged with bankruptcy rules

Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I get rid of student loans by declaring bankruptcy?”

A recent article in the Wall Street Journal discussed a tactic used by some debtors to escape what many once thought was inescapable: student loan debt. Bankruptcy rules were written in a seemingly ironclad way that prevents the vast majority of debtors from getting out from under potentially massive mountains of student loan debt. Though many have tried over the years, very few have succeeded.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get rid of student loans by declaring bankruptcy?”

The Obama administration has put its weight behind a recent proposal calling for changes to be made to bankruptcy rules as they relate to student loans. The plan, proposed by the U.S. Department of Educations, calls for a series of reforms to the student loan system, one of which would ease restrictions on when borrowers would be allowed to bankrupt student loan debt.

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