H.R. 4907 · 117th Congress
Private Student Loan Bankruptcy Fairness Act of 2019
- Stage
- In committee
- Sponsor
- Steve Cohen
- Introduced
- 2021-08-03
- Latest action
- 2022-11-01 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Summary
Private Student Loan Bankruptcy Fairness Act of 2019 [sic]
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.