The success rate for student loan borrowers in bankruptcy has "jumped" to 87%, a study finds. But many people still don't pursue the option.

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like ...

Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...

In a bankruptcy case, bankruptcy discharge means a judge has declared that you’re no longer responsible for paying debts. It’s a permanent action that affects some, but not all, types of debt. Even ...

The national debate about student debt continues in the wake of the Supreme Court's decision to strike down President Biden's one-time student loan forgiveness plan. It’s difficult, but not impossible ...

If you were to file for bankruptcy, you might experience an unwelcome shock in finding out this does not discharge all forms of debt. Those who carry certain debts are still held responsible for ...

For years, borrowers have been going to court claiming that student-loan companies were illegally collecting on debt they had discharged in bankruptcy. Now, the nation’s top consumer watchdog says it ...

Bankruptcy offers debtors an opportunity for a "fresh start," the primary draw for many individuals seeking to unburden themselves of their debt. A bankruptcy discharge relieves a debtor of their ...

When a debtor LLC receives a discharge order from a bankruptcy court, a creditor is prevented from enforcing any preexisting debts against the discharged LLC as a personal liability. This is known as ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Many people believe they will walk away ...

The U.S. Court of Appeals for the Second Circuit ruled for the first time that privately issued student loans can be discharged in bankruptcy, a major win for borrowers facing financial hardship in ...