Question: Does this result really make sense? Is the courts concern that allowing this postdischarge relief would mean that a bankruptcy discharge is a perpetual license

Does this result really make sense? Is the courts concern that allowing this postdischarge relief would mean that a bankruptcy discharge is a perpetual license to discharge student loans based on events that occur years after the bankruptcy discharge is granted well founded? Suppose it is scheduled to take thirty years to pay off student loans; in year 4, the student-borrower, now Debtor, declares Chapter 7 bankruptcy, student loans not being discharged; in year 6, the person is rendered disabled. What public policy is offended if the person is allowed to reopen the bankruptcy and use the postbankruptcy event as a basis for claiming a hardship discharge of student loans?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!