Thursday, April 2, 2009

"Undue hardship" broadened

"A Minnesota bankruptcy court recently held that the income of a non-debtor wife should not be considered to increase the income of a chapter 7 debtor, for purposes of considering whether the husband’s student loans should be discharged as constituting an 'undue hardship.'"

I'm wondering if they'll ever consider a global economic meltdown to be an "undue hardship."

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