H.R.885: Private Student Loan Bankruptcy Fairness Act of 2019
The Private Student Loan Bankruptcy Fairness Act (H.R.885) would allow private student loans to be dischargeable in bankruptcy proceedings. Since 2005 private student loans are unable to be discharged unless the debtor can prove “undue hardship”. Federal student loans, however, would not be subject to this change.
This is a simmilar bill to H.R. 770.