Puerto Rico Demands Same Bankruptcy Help That States Get
Law360, New York (September 29, 2015, 3:43 PM ET) — Puerto Rican officials testifying at a Senate Committee on Finance hearing Tuesday urged U.S. lawmakers to provide Puerto Rico with the same access to Chapter 9 of the federal bankruptcy code that …
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Court case could free bankruptcy courts to forgive some student debts
Back in the 1970s, Congress added new rules to the bankruptcy code, providing that student debt could not be discharged in bankruptcy like other debts unless paying it would present an undue hardship. Unfortunately, lawmakers didn't define "undue …
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