ARE WE HEADED FOR A MAJOR REVISION OF BANKRUPTCY LAWS? Today, Senators Elizabeth Warren (D-MA), Dick Durbin (D-IL), and Sheldon Whitehouse (D-RI), along with several House Democrats, introduced the Consumer Bankruptcy Reform Act of 2020. If passed, the bill would fundamentally change the entire bankruptcy system — particularly for student loan borrowers. Under current bankruptcy law, student loan debt is extremely difficult to discharge. Borrowers must prove they have an “undue hardship” in order to discharge their student loan debt in bankruptcy. However, in practice, this standard has required debtors to meet a very high standard that most cant meet. The new bankruptcy reform billRead More →


What lies ahead? We have been collectively engulfed in a major pandemic. Most of us around today have never seen or experienced anything even remotely close to this in our lifetimes. We have read about it, and watched Sci fi movies depicting what this life might be like. For now, we do what we do best. We take it one day at a time. The talking heads tell us each night what our life will be like, and what the near future holds. But do they really know? How long will be experiencing life without a “normal” economy? Will we ever resume life as weRead More →