Corinthian bankruptcy suit includes call for repayment freeze and asset sales
As a result, the roughly 15,000 students who in the last year attended the 28 Corinthian campuses that shut down in April are eligible under the department's closed-school loan discharge policy. ECMC, a nonprofit student loan guarantor, purchased most …
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White House Floats Bankruptcy Process for Some Student Debt
Other forms of consumer credit such as mortgages, credit-card balances and auto loans face looser requirements for being discharged in bankruptcy. President Barack Obama on Tuesday directed administration officials to study whether to expand bankruptcy …
Read more on Wall Street Journal

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