The Wall Street Journal reports that, although bankruptcy judges have in the past refused to consider reducing student loans, some judges are now looking for ways to help people struggling to repay their debt.
"Outright cancellations remain rare, but judges said they have other tools at their disposal, including encouraging lawyers to represent borrowers for nothing. The lawsuits can cost $3,000 to $10,000 and take years.
"Other judges are embracing debt-relief techniques that don’t fully erase student loans but make repayment more affordable by, for instance, canceling future related tax bills."
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