Student loans are easier than ever to get discharged in bankruptcy. You should still try these 5 alternatives first

Biden-era guidance streamlined the bankruptcy process for student loan borrowers. But that doesn't make it a no-brainer.

Comprehensive Guide to Debtor in Possession (DIP) Status

Explore the benefits and challenges of debtor in possession (DIP) status, a key phase in the bankruptcy process, allowing ...
Yahoo

More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process

The Education and Justice Department released new data on the bankruptcy process for student-loan borrowers. It found that 588 new cases were filed from October 2023 to March, a 36% increase from the ...
Investopedia

Chapter 7 Bankruptcy: What It Is, How It Works, Ramifications

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
JournalofAccountancy

Spotting fraud during the bankruptcy process: Top red flags

The COVID-19 pandemic has plunged the world into the worst economic downturn since the Great Depression, according to the International Monetary Fund. In addition to more job losses, financial experts ...