Case of bankruptcy News: Extra Experts’ Protections; The brand new Regulations; Education loan Dischargeability
This short article facts around three of the most tall previous change to consumer bankruptcy legislation. The latest federal legislation provides extra bankruptcy proceeding protections for veterans, latest servicemembers, and their dependents when submitting often a chapter 7 otherwise chapter thirteen case of bankruptcy. Productive December step one, a great amount of transform have been made into Government Laws and regulations off Bankruptcy proceeding Processes.
Perhaps of most standard interest, a necessity-realize , Fifth Circuit decision ways just how many individual figuratively speaking may now end up being discharged inside the personal bankruptcy. This is basically the earliest circuit legal ruling exploring this approach so you can discharging individual college loans, plus it holds in support of the fresh new borrower.
Away from added mention to help you bankruptcy proceeding practitioners, NCLC that it November put-out the new payday loans Winchester twelfth release off User Bankruptcy Laws and exercise, this new definitive individual bankruptcy proceeding treatise obtainable in printing and you can electronically. The two volume version are upgraded having: all of the current tall ple done formal forms for chapter 7 and you will thirteen circumstances, with annotations; over 180 test bankruptcy proceeding pleadings inside the MS Keyword style; the personal bankruptcy rules, variations, and you may Code arrangements to own 2020, that have current money wide variety; and you will a good amount of changed habit systems. (more…)