We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A debt discharge doesn't happen randomly, either, and it doesn't apply ...

Treasury Secretary Janet Yellen notified Congress on Friday, Jan. 13, that the U.S. would likely breach the $31.4 trillion statutory debt ceiling on Jan. 19. She urged action as soon as possible to ...

Hundreds of thousands of borrowers have taken advantage of getting their loans discharged through federal programs, for reasons like total and permanent disability (TPD), school closure or bankruptcy.

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like ...

House Democrats on Wednesday said they were unanimous in backing a parliamentary procedure to raise the U.S. debt ceiling, as negotiations between the White House and Republicans over the borrowing ...

Robert Murphy, 65, is a step closer to having more than $240,000 in student loans discharged from bankruptcy. After four years of litigation, the Department of Education and the Education Credit ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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The Justice and Education Departments said the process would be more fair and consistent for people in bankruptcy seeking relief on their federal student loans. By Tara Siegel Bernard As President ...

As the country continues to barrel towards an economic catastrophe, some House Democrats are working on a plan to raise the debt ceiling without Republican leadership's go-ahead. The proposal, a ...