The American Law Journal presents "Student Loans, Bankruptcy & Discharge." Taxes, marital support and student loans. None of these are dischargeable under Chapter 7. Or are they?

Creditor's counsel Jon Pearson of Ballard Spahr joined the program, which examined how student loans have been characterized differently than mortgages, auto loans, and credit card debt.

"BAPCPA (the 'new' bankruptcy laws of 2005) made it slightly more difficult to write off student loans, but that pertained to private loans, which makes up a very small segment of the student loan population," said Pearson. "Even before there was a bankruptcy code, Congress did not want people walking away from their loans. Showing an 'undue hardship' has become more difficult over time as well."

Mr. Pearson begins at 3:45. To view the video, click here.

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