Month:

Relief From Student Loan Debt

Attending college is an opportunity to obtain education to chase the dream of an aspirational career with more income and satisfaction than could be obtained without a degree.  And, colleges sell that dream.  All colleges, public and private alike, engage in activities to recruit students to attend their college, pay their tuition, and in turn, support their institution.  Colleges have whole positions and often offices dedicated to the recruitment of new students.  Private, non-profit instit[...]

Court Refuses Request to Discharge Student Loan Debt

Most Florida residents know that Jacksonville, Florida is home to Florida Coastal School of Law, a private law school, and frequent readers of this blog, know that the discharge of student loans in bankruptcy is a hot topic.  Today we’ll be talking about a recent bankruptcy decision that involves them both, Tetzlaff v. Education Credit Management Corporation.    The Debtor’s Situation The debtor, Mark Tetzlaff, filed for Chapter 7 bankruptcy in 2012 seeking among other things, disc[...]

Updates on Student Loan Debt

Student loan debt remains a huge problem in the United States. It seems like there is a near endless stream of stories coming out about students who are unable to obtain employment at a level that will allow them to make substantial payments towards their student loans.  These students are left with the daunting realization that they will be making student loan debt payments for life.  And many still won’t ultimately pay off all of their debt.  This is more than an anecdote, statistics have[...]

Everest Student Loans Update – Buyer Agrees for $480 Million Debt Forgiveness

As we’ve discussed in earlier posts on Adam Law Group’s bankruptcy blog, Everest student loans are one of the major sources of debt for many Americans and under current law, it is very difficult, though not impossible, to discharge them during bankruptcy. Yet, there is reason to be more optimistic.  The public and legislatures have begun to recognize the overwhelming student loan crisis and to propose solutions.  A house bill has been proposed that would make it easier to discharge stud[...]

Student Loan Relief in Bankruptcy

Will Student Loan Relief Soon Be Available in Bankruptcy Proceedings? John Delaney hopes so.  Not the University of North Florida President, but a US Representative from Maryland by the same name.  Delaney filed a bill (H.R. 499) that would provide student loan relief by removing student loans from the bankruptcy code’s list of non-dischargeable debt in 11 USC 523.   Current State of Student Loan Bankruptcy Law As discussed in earlier blogs, student loan debt is currently considered non-dis[...]