Question: Why does the Bankruptcy Code provide that student loans should not be dischargeable unless there is undue hardship? What argument can be made in favor

Why does the Bankruptcy Code provide that student loans should not be dischargeable unless there is undue hardship? What argument can be made in favor of allowing student loans to be dischargeable?

Step by Step Solution

★★★★★

3.39 Rating (196 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

One reason that the Bankruptcy Code has not allowed student loan debts to be discharged ... View full answer

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

Document Format (1 attachment)

Word file Icon

1268-L-B-L-P-A-C-L(1194).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

A landlord owned several residential properties, one of which was subject to a local rent control ordinance. The local rent control administrator determined that the landlord had been charging rents...

Q:

Discuss the three factors the court examines to determine whether to discharge the student loans. Bryan Anthony Looper (Debtor) had over $300,000 in student loans that were used to finance his...

Q:

1. Why did the trial court dismiss Sauers adversary proceeding that objected to the discharge of Ms. Lawsons debt? 2. How did the legislative history of the Bankruptcy Code affect the courts...

Q:

Should There Be More Relief for Student Loan Defaults? Why does the bankruptcy code provide that student loans should not be dis-chargeable unless there is undue hardship? What argument can be made...

Q:

why does the Bankruptcy Code provide that student loans should not be discharged unless there is a showing of undue hardship? What argument can be in favor of allowing a student to discharge their...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

Ch.19 1)Which of the following can be considered after-acquired property? Inventory Livestock Equipment Inventory, livestock, or equipment Inventory and equipment, but not livestock 2)The secured...

Q:

YOU BE THE JUDGE WRITING PROBLEM Lydia DEttore received a degree in computer programming at DeVry Institute of Technology, with a grade-point average of 2.51. To finance her education, she borrowed...

Q:

What is the Relationship between the parties in the case? 2. What are the Rules governing the relationship? 3. What Rights do the rules create for the parties? 4. What Risks do the rules create for...

Q:

Academics define a centralized enterprise / infrastructure where executive control is the standard. Policies, ideas, strategies, doctrine all are massaged, manipulated and driven down the...

Q:

The following table displays information for 470 of the S&P 500 stocks, on how their one-day change on October 24, 2011 (a day on which the S&P 500 index gained 1.23%) compared with their year to...

Q:

When people make estimates, they are influenced by anchors to their estimates. A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. One group was...

Q:

16.19 Which Open Science Framework badges exist and what does each mean?

Q:

Milton Blankenship agreed in writing to buy 15 acres of Ella Mae Henrys junkyard property for $15,000 per acre with a ten-year option to buy the remaining 28.32 acres. Blankenship orally agreed to...

Q:

William Williams is an attorney in Birmingham, Alabama. In 1997, Robert Shelborne asked Williams to represent him in a deal in London, England, from which Shelborne expected to receive $31 million....

Q:

William Williams is an attorney in Birmingham, Alabama. In 1997, Robert Shelborne asked Williams to represent him in a deal in London, England, from which Shelborne expected to receive $31 million....

Q:

Over time academics and practitioners have shown that CAPM does not fully describe the returns on stocks. They showed this by finding large persistent alphas on the returns. Specifically, if we let...

Q:

Bill deposits $100 at the end of each year for 13 years into fund A. Seth deposits $100 at the end of each year for 13 years into fund B. Fund A earns an annual effective rate of 15% for the first 5...

Q:

The Presley Corporation is about to go public. It currently has aftertax earnings of $7,700,000, and 2,300,000 shares are owned by the present stockholders (the Presley family). The new public issue...