Asked by Mateo Gonzalez on Jun 22, 2024
Verified
In Krieger v.Educational Credit Management Corporation,the case in the text,the court held that:
A) Krieger was not entitled to have her student loans discharged because she failed to make a good faith effort to repay the loans.
B) Krieger was not entitled to have her student loans discharged because she failed to show that her circumstances were likely to persist for a significant portion of the repayment period.
C) Krieger was entitled to have her student loans discharged because repayment would constitute an undue hardship.
D) Krieger was entitled to have her student loans discharged because she made the minimum payments on her loan for 25 years under an income-based repayment plan.
Undue Hardship
A condition where accommodations or adjustments cause significant difficulty or expense to the employer or entity, often used in the context of employment and disability.
Educational Credit Management Corporation
A nonprofit organization that specializes in helping student loan borrowers manage their debts and navigate the complexities of the student loan system.
- Become familiar with the criteria and steps for nullifying debts within the framework of bankruptcy, covering the exclusions.
Verified Answer
HX
Ha Xuan Son (K14 HL)Jun 25, 2024
Final Answer :
C
Explanation :
In this case,the court confirmed a bankruptcy court's discharge of student loans on the grounds that their repayment would constitute an undue hardship.
Learning Objectives
- Become familiar with the criteria and steps for nullifying debts within the framework of bankruptcy, covering the exclusions.