Blood from a Turnip: Overburdened Student Loan Debtors Should Have Access to The Bankruptcy Courts
by Richard Fossey - October 22, 2008
People make financial mistakes every day. The bankruptcy courts were created to give such people a fresh start. If the financial titans of Wall Street who wrecked the national economy face personal financial ruin, they can file for bankruptcy and get a fresh start. Meanwhile, Congress has made it almost impossible for student-loan debtors to clear their debts in the bankruptcy courts. It is hard to understand why investment bankers are entitled to discharge their debts in bankruptcy while thousands of overburdened student-loan debtors are not entitled to the same opportunity.
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