A bill to amend title 11, United States Code, with respect to certain exceptions to discharge in bankruptcy.
Fairness for Struggling Students Act of 2011
Amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3436)
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3436-3437)
Committee on the Judiciary Senate Subcommittee on Administrative Oversight and the Courts. Hearings held. With printed Hearing: S.Hrg. 112-899.
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