Trustee May Not Liquidate Estate Property Solely to Benefit a DSO Creditor
Affirming Bankruptcy Judge Michael Romero, the district court holds that an exemption remains valid even though the exempt property remains subject to a nondischargeable domestic support obligation.
Court:
Treatment of Personal Property During Bankruptcy
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Student Loans
H.R. 9931, the "Student Borrower Bankruptcy Relief Act of 2024"
The Student Borrower Bankruptcy Relief Act of 2024 proposes to:
· Repeal Section 523(a)(8) of the Bankruptcy Code, which currently prevents the discharge of federal and private student loans absent a showing of “undue hardship.”
· Eliminate the need for borrowers to prove “undue hardship” thorough costly proceedings in court, reducing the legal and financial burdens on borrowers already at their most perilous financial state.
· Maintain existing bankruptcy means-testing, ensuring that only those who are already eligible for bankruptcy can access this relief.
