s 21 44427 1181188800 false 1181188800 1561 673 110 300038

6/7/2007--Introduced.<br/>Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit; and (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Repeals the current exemption for: (1) any loan made under any program funded in whole or in part by a governmental unit or nonprofit institution; and (2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.)<br/>

1181188800 2007-06-07 Fri Nov 07 15:37:31 -0600 2008 introduced 44427 '11':6 'bill':2 'code':9 'educ':21 'loan':22 'titl':5 'unit':7 'amend':4 'state':8 'except':13 'certain':19 'qualifi':20 'respect':11 'discharg':15 'bankruptci':17 47475 official introduced 44427 1181188800 Thu Jun 07 00:00:00 -0500 2007 117635 D000563 1944-11-21 10035 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] 5122 N00004981 20318 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.60810810810811 http://durbin.senate.gov introduced 44427 1181188800 Thu Jun 07 00:00:00 -0500 2007 117635 action 44427 1181188800 Thu Jun 07 00:00:00 -0500 2007 117636 Sponsor introductory remarks on measure. (CR S7335-7336) action 44427 1181188800 Thu Jun 07 00:00:00 -0500 2007 117637 Read twice and referred to the Committee on the Judiciary.