Consumer attorneys hail the Biden administration’s 2022 student loan bankruptcy policy as “life changing” in creating ease for people to walk away from student debt, CNBC reported.
More than 630 bankruptcy cases — a “significant increase” from recent years — were filed in the first 10 months of the new policy, The Daily Mail reported, citing federal departments.
“We have gotten forgiveness for a number of clients under the new bankruptcy changes,” Virginia consumer bankruptcy lawyer Malissa Giles told CNBC for its story published Tuesday. “The discharge is life changing for them and their families.”
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