Section 26. The obligations of a borrower under the provisions of this chapter shall not be subject to discharge as a result of bankruptcy proceedings.

Terms Used In Massachusetts General Laws ch. 15C sec. 26

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
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