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Biden’s Unconstitutional “Bankruptcy Abuse” Act Makes Peons of Student Debtors

truthout.org Biden’s Unconstitutional “Bankruptcy Abuse” Act Makes Peons of Student Debtors

The law prohibits education loans from being discharged through bankruptcy. It should be repealed to provide relief.

Biden’s Unconstitutional “Bankruptcy Abuse” Act Makes Peons of Student Debtors

The failure of the Biden plan misdirects us from the root problem: It’s not that student loan borrowers need debt relief; it’s that they merit a debt discharge.

Every honest, unfortunate debtor has the constitutional right to a fresh start. That is, the right to discharge their debts, if overwhelming, through bankruptcy proceedings. But student loan borrowers were condemned to “involuntary servitude” when Joe Biden, while still a senator, led Congress to enact the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005.

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