Legal News for Credit Union Managers Since 1990

Archive for November, 2017

06
Nov
2017

Student Loans: Preferential Treatment Prohibited

 The Bankruptcy Code provides, in part, that a student loan issued by a nonprofit institution, such as a credit union, and insured by the federal government, shall not be discharged in bankruptcy, absent a showing by the debtor(s) of true hardship. The Bankruptcy Code further provides that a Chapter 13 repayment plan may not unfairly […]

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