Student Loan Income Based Repayment (IBR)
A person will often file bankruptcy to eliminate their unsecured debts and then apply for an income based repayment plan to repay student loans. You can have a student loan which is paid directly often as a business or long term debt expense. This can reduce the Chapter 13 plan payment and keep the student […]
Student Bankruptcy Reform
In an ABI podcast (see link below), two law professors discuss the Student Loan Bankruptcy Reform Law. The topic is on student loans should be made more easily dischargeable in bankruptcy. They discussed possible methods of how to do it. One law Professor proposed student loans could be valued using what an unsecured lender pays […]