Supreme Court dodges yet another student loan bankruptcy case

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The US Supreme Court declined to consider overturning a ruling establishing the presumption that private student loans cannot be canceled in the event of bankruptcy.

The decision of June 28 is on the heels of the judges. negation another requirement is to weigh student loans in bankruptcy.

Catherine Conti tried to get her five private student loans in Chapter 7 bankruptcy, claiming that they were ordinary loans and not “qualified education loans.”

Pursuant to section 523 (a) (8) (B) of the Bankruptcy Code, “qualified education loans” can only be canceled in the event of bankruptcy if the debtor can prove “undue hardship”.

Bankruptcy …

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