§68b.10. When can a Scholarship Program payment obligation be discharged in bankruptcy?
42 C.F.R. § 68b.10
Any payment obligation incurred under § 68b.9 may be discharged in bankruptcy under Title 11 of the United States Code only if such discharge is granted after the expiration of the seven-year period beginning on the first date that payment is required and only if the bankruptcy court finds that a nondischarge of the obligation would be unconscionable.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 288-4.
Source
Source: 80 FR 48274, Aug. 12, 2015, unless otherwise noted.