Imagine the shock when the "star" of reality series Desperate Housewives of New Jersey found out that to lie in your bankruptcy is a federal crime and can result in having your discharge (the flushing of all the debts) denied altogether.
A court-appointed trustee has accused the bankrupt...
Section 523(a)(8) contains a
presumption that qualified student loans will not be discharged, and although
the presumption can be overcome by a debtor who shows "undue
hardship," bankruptcy courts often seek to have debtors take advantage of
federal programs to delay payment, rather than...