Complimentary CLE-Accredited Webinar
Student loan debt is estimated to be more than $1 trillion nationwide, greater than all credit card debt of all Americans combined. Unlike credit card debt, student loan debt cannot be discharged in a bankruptcy without a showing of undue hardship. Prior to 1977, student loans could be discharged in the same way as credit card debt; however, concerns and fears over students abusing the bankruptcy system prompted Congress to add 11 U.S.C. Section 523(a)(8). Steven Werth, Associate with SulmeyerKupetz, Magdalena Bordeaux, Supervising Attorney of Public Counsel’s Debtor Assistance Project, will address:
The historical background of Section 523(a)(8) and how that statute has changed over the decades.
How courts now apply the test of undue hardship.
The differences among the circuits as to how undue hardship is determined, and potential arguments that can be made for interpreting undue hardship differently.
Date:
Tuesday
November 17, 2015
Time:
11:00 a.m. PT