In this week’s chapter we have looked at bankruptcy from the standpoint of a business as well as individual. But do you know that an individual has a student loan, the loan is not dischargeable in a bankruptcy proceeding unless payment of the loan would cause undue hardship (page 426)?
How do you feel about this law? Would you want student loans to be available as debts able to be discharged in a bankruptcy? Why or why not? There are a number of stories that have been covered in the media these last few week regarding student loan forgiveness, and you may wish to look up story before posting your discussion.
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