H.R. 885 · 116th Congress
Private Student Loan Bankruptcy Fairness Act of 2019
- Stage
- In committee
- Sponsor
- Steve Cohen
- Introduced
- 2019-01-30
- Latest action
- 2019-03-25 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Summary
Private Student Loan Bankruptcy Fairness Act of 2019
This bill modifies the treatment of certain student loans in bankruptcy.
Specifically it allows private education loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.