ABI Commission on Consumer Bankruptcy – Student Loans – Suggested Statutory Changes

By Henry E. Hildebrand, III, Chapter 13 Standing Trustee (Nashville, TN)

Section I. Student Loans, Part I Statutory Suggestions

When the Commission asked participants to identify the most important issue in consumer bankruptcy, all three committees were told the same thing: the role of bankruptcy in the field of student loans. All three committees looked at the issue and proposed several suggestions. Part I will deal with the statutory suggestions, and we will follow up with regulatory and case law suggestions.

Student loan debt is one of the most difficult and significant economic problems faced by . . .

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