The Legislative Landscape for Consumer Bankruptcy: Chapter 10, Student Loans and Beyond
To ease the financial fallout from the pandemic, there could be increased congressional interest in consumer bankruptcy reform. Sen. Elizabeth Warren and Rep. Jerrold Nadler already have proposed a complete overhaul of the consumer bankruptcy system and a new chapter 10 for all individual debtors. Several pending legislative proposals would make it easier to discharge student loans in bankruptcy. Profs. Robert Lawless and Adam Levitin explain these proposals, the motivating factors behind them, and what else might be coming in the consumer bankruptcy world.