07/30/2021
"The bankruptcy court held that the borrower’s private student loans were not “an obligation to repay funds received as an educational benefit” within the meaning of the bankruptcy code because they “were not made solely for the ‘cost of attendance’” at the borrower’s school."
A major new ruling by a U. S. appeals court has held that a borrower’s $200,000 in private student loans are dischargeable in bankruptcy, potentially opening the door for similar bankruptcy rulings in the future.