Student loan borrowers face garnished wages
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No, not automatically. Student loans are generally treated as non-dischargeable debts, meaning they survive bankruptcy unless the court grants a rare exception. In most cases, borrowers remain responsible for their loans after completing a Chapter 13 plan.
The Education Department’s move to resume collections on millions of student loans after a five-year pause sets the stage to drive a new wave of bankruptcy filings and test little-used government guidance on discharging those debts.
Filing for Chapter 13 bankruptcy can provide a structured path to manage overwhelming debts, but it's important to understand how this process affects student loans. While Chapter
Trying to wipe the financial slate clean by filing for bankruptcy? Here's what to know before making your move.
A New York federal judge issued a nationwide order enjoining a group of private student loan lenders and servicers from attempting to collect on consumer debts that borrowers allege were discharged in bankruptcy.
The Department of Education restarted collections of loans in default on Monday, putting millions of borrowers at risk of having their benefits and wages garnished. Here’s what to know.