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AI Summary: The Private Student Loan Bankruptcy Fairness Act of 2023 aims to make private student loans dischargeable in bankruptcy, providing relief to borrowers struggling with overwhelming debt. The bill seeks to amend the current bankruptcy code to treat private student loans similarly to other types of consumer debt, allowing borrowers to include them in bankruptcy proceedings. This proposed change could have a significant impact on individuals burdened by unmanageable private student loan obligations by offering them a pathway to financial recovery through bankruptcy.
Latest Action: Introduced in House
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Actions (2):
2023-01-09 : Introduced in House
2023-01-09 : Referred to the House Committee on the Judiciary.
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