Bloomberg Law
April 11, 2019, 1:01 PMUpdated: April 11, 2019, 7:17 PM

Bankruptcy Group Seeks to Ease Student Loan Burden (1)

Daniel Gill
Daniel Gill

A group of bankruptcy experts is calling for law changes to grant consumers greater relief from student loan debt and to curb creditor abuses.

A commission formed by the American Bankruptcy Institute said in its report April 11 that the recommended law and procedure changes would enhance bankruptcy’s promise of a “fresh start.”

The suggested changes also would improve access to Chapter 13 protection for debtors with larger debt loads and to Chapter 7 by changing how attorneys can get paid, said the ABI Commission on Consumer Bankruptcy, which is composed of more than 50 bankruptcy attorneys, law professors, trustees ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.