Tag : federal student loans

Obama Student Loan Forgiveness Starts Here

Chapter 13, Chapter 7, Debt Collections, Fair Credit Reporting, Fair Debt Collections Practices, Student Loans & Bankruptcy

With so many companies guarantying student loan debt forgiveness and using Obama’s words to market and sell their offerings, I thought I would set the record straight! YOU CAN HELP YOURSELF FOR FREE YOU CAN HIRE ONE OF THESE COMPANIES THAT MAY NOT BE LAWYERS; OR YOU CAN HIRE A LAWYER TO REPRESENT YOU Don’t […]

Does Having a Disability Erase Student Loans?

Bankruptcy & Civil Litigation, Chapter 7, Student Loans & Bankruptcy

This was a great question asked of Liz Weston (@lizweston) recently. Her answer is here. I like the fact that her answer encompasses several options for the reader, but let’s look at the costs of some of these choices. Under the Total and Permanent Disability discharge of student loans (A federal program), a borrower MUST […]

More Things Student Loan Lawyers Ask Borrowers Who File Bankruptcy

Bankruptcy Law Overview, Student Loans & Bankruptcy

This post stems from an article in the Wall Street Journal entitled, “5 Things Student Loan Lawyers Ask Borrowers Who File For Bankruptcy.” As one of the few lawyers in this country to recently take on such lawyers for the creditors, I’ve got a few more questions to add to this list. Why didn’t you […]

A Medical Bankruptcy May Soon Discharge Student Loans

Chapter 13, Chapter 7, Exemptions, Medical Debt & Bankruptcy, Student Loans & Bankruptcy

Cited as the Medical Bankruptcy Fairness Act of 2014, S.2471 is a Bill recently introduced in the Senate, June 12, 2014. The proposed Bill would Amend the Bankruptcy Code to include definitions for a “medically distressed debtor” and allow a discharge of their student loan debt without the current requirement of filing an adversary proceeding […]

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