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Bankruptcy Blog

“Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.”

Prominent Senators And Representatives Propose A Resolution For The President To Exercise Executive Authority To Cancel Up To $50,000 Of Student Debt Per Borrower.

On February 4, 2021, Senate Majority Leader Chuck Schumer, Senator Elizabeth Warren, and Congresswoman, Ayanna Pressley, joined by a number of Senate and House Democrats[1], proposed a bicameral Resolution for President Biden to cancel up to $50,000 in federal student debt per borrower.  The proponents emphasize that the President can cancel student loan debt by…
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