Bankruptcy codes may be adjusted for individuals who default on student loans. According to a report from the House Judiciary Subcommittee on Commercial and Administrative Law, the committee members are considering a change in bankruptcy law that would help student loan borrowers. 

The chair of the committee announced the proposal, claiming that the current law gives an unfavorable preference to lenders. The potential new law would protect borrowers from risky loans and predatory loaning practices. 

If you or anyone you know is having troulbe repaying a student loan, contact the Arizona debt negotiation lawyers of the Harmon Law Office, LLC, at 480-829-0494.