HR 4907 · 117th Congress · Finance and Financial Sector
Private Student Loan Bankruptcy Fairness Act of 2019
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.(2022-11-01)
Plain Language Summary
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Private Student Loan Bankruptcy Fairness Act of 2019 [ sic ] This bill modifies the treatment of certain student loans in bankruptcy. Specifically it allows private education loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.…
Summarized by Claude AI · Non-partisan · For informational purposes only