Senator Elizabeth Warren, D-Mass., wants the U.S. Department of Justice to do more to educate student loan borrowers about the new, easier path to filing for bankruptcy.
U.S. Senator Elizabeth Warren faces reporters during a break in a bipartisan Artificial Intelligence Insight Forum for all U.S. senators at the U.S. Capitol in Washington, September 13, 2023.In a May letter reviewed by CNBC, the Democratic senator from Massachusetts, along with Sen. Sheldon Whitehouse, D-R.I., wrote to, director of the U.S.
"While the government used to fight discharge aggressively in almost every case, there is now a policy to agree when the borrower can show financial need and a history of good faith efforts to pay the loans," Latife Neu, a bankruptcy lawyer in Seattle, said in March.Many borrowers are 'not aware' of changes"More than 43 million borrowers in the United States carry a total of $1.
Malissa Giles, a consumer bankruptcy lawyer in Virginia, agreed that the government needed to better inform borrowers and lawyers about the new process.
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