Question by majax79: Liklihood of chapter 7 bankruptcy for students with private student loans?
I’m not asking for your opinion on wether or not private student loans should be allowed to be written off in chapter 7 bankruptcy.
I’m asking what is the liklihood that it will be an amendment anytime soon?
I’m curious because the democrats voted for that very amendment in Februrary 2008. Republicans voted against it overwhelmingly and were the majority so it was removed.
Best answer:
Answer by Suddenly Human
My opinion, or all it’s worth. Bankruptcy laws will never be changed to allow more to try to get out of paying them back.
Private AND federal. If the hint of this is even smelled, it will become impossible to get them.. which you know,
might not be a bad thing. :0)
What do you think? Answer below!
