Petition Closed
Petitioning U.S. Congress and 2 others

Pass The Private Student Loan Bankruptcy Fairness Act of 2011


In 2005 Congress passed a law that protected private unsecured student loans against bankruptcy. This is an unfair practice and allows financial institutions federal protection on a private debt. This would be likened to not being able to discharge a credit card in bankruptcy because the credit card was protected by federal law. It is not fair to the consumer and negates the true reason for bankruptcy to begin with. A bill has been introduced to bring fairness once again to the bankruptcy law. H.R. 2028 is that bill.

Letter to
U.S. Congress
U.S. House of Representatives
U.S. Senate
I just signed the following petition addressed to: U.S. Congress.

----------------
Pass H.R. 2028: Private Student Loan Bankruptcy Fairness Act of 2011

In 2005 Congress passed a law that protected private unsecured student loans against bankruptcy. This is an unfair practice and allows financial institutions federal protection on a private debt. This would be likened to not being about to discharge a credit card in bankruptcy because the credit card was protected by federal law. It is not fair to the consumer and negates the true reason for bankruptcy to begin with. A bill has been introduced to bring fairness once again to the bankruptcy law. H.R. 2028 is that bill. Please help bring this bill to the floor and assure its succesful passing.
----------------

Sincerely,