JACKSONVILLE BANKRUPTCY: The Grange Bankruptcy Blog: Congressman Delaney Introduces Student Loan Forgiveness During Bankruptcy Bill

Thursday, January 22, 2015

Congressman Delaney Introduces Student Loan Forgiveness During Bankruptcy Bill

http://marcogrup.com/wp-content/uploads/2014/10/methods_for_acquiring_individual_financial_loan_singapore-600x471.png

Rep. John K. Delaney (D-Md.) introduced H.R. 449, the "Discharge Student Loans in Bankruptcy Act," to allow student loan debt to be treated like other forms of debt that can be discharged in bankruptcy proceedings, AccountingToday.com reported today.

According to a study by the Institute for College Access & Success, 69 percent of graduates from the class of 2013 graduated with student loan debt, owing an average of $28,400.

"Student loan debt is dragging down economic growth, keeping the American Dream out of reach for many and is a monthly strain for millions," said Delaney. "Right now, there is effectively a huge student loan loophole in bankruptcy law that's hurting real people. . . It doesn't make sense for students with heavy debt burdens to be worse than someone with credit card, auto loan debt or mortgage debt."

2 comments:

Abdul bariJanuary 31, 2015 at 10:37 PM
This comment has been removed by a blog administrator.
ReplyDelete
Replies
J. Dinkins G. GrangeFebruary 1, 2015 at 2:22 PM
OK. This posting has nothing to do with the content of the blog posting, and as such, is being treated as spam; however, relevant content is always welcome.
ReplyDelete
Replies

Add comment

Jacksonville Bankruptcy Attorney -- J. Dinkins G. Grange, Esquire

I am a consumer bankruptcy attorney helping people with their financial situations. As a bankruptcy lawyer, I help people find various alternatives towards handling their financial problems, and if needed, I can provide legal assistance to consumers seeking relief under the bankruptcy code. I can be contacted by email at dgrange@grangelaw.org. I am available by appointment during the week and most evenings.

I am located in Green Cove Springs on US 17 near the Clay County Courthouse, serving Baker, Clay, Duval, Nassau, St. Johns, and Putnam counties.

I am a member of the Jacksonville Bankruptcy Bar Association, Florida Bar, and Clay County Bar Association.

I have also been designated a debt relief agency by Congress and the United States Supreme Court and I help clients file for bankruptcy relief under the bankruptcy code.