http://www.bankruptcylawnetwork.com/2007/11/13/earned-income-credit-seized-to-pay-student-loans/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/11/13/earned-income-credit-seized-to-pay-student-loans/comment-page-1/#comment-28190 Student Loans, The Next Financial Crisis! : Bankruptcy Law Network Thu, 13 Dec 2007 03:48:44 +0000 http://www.bankruptcylawnetwork.com/2007/11/13/earned-income-credit-seized-to-pay-student-loans/#comment-28190 [...] The new student loan debt crisis will include the elderly, the young, and those in between. Many parents have co-signed for a child’s student loan. Some middle aged baby boomer still carry their own student debts. You see, the government guaranteed student loans have no statute of limitation. They can be collected from the most elderly with an administrative garnishment against social security old age benefits. The debts can be 20 or 30 years old. Bankruptcy is seldom available even for debtors with disabilities and even the earned income credit has been seized in some states to pay the debt. [...] [...] The new student loan debt crisis will include the elderly, the young, and those in between. Many parents have co-signed for a child’s student loan. Some middle aged baby boomer still carry their own student debts. You see, the government guaranteed student loans have no statute of limitation. They can be collected from the most elderly with an administrative garnishment against social security old age benefits. The debts can be 20 or 30 years old. Bankruptcy is seldom available even for debtors with disabilities and even the earned income credit has been seized in some states to pay the debt. [...]

]]> http://www.bankruptcylawnetwork.com/2007/11/13/earned-income-credit-seized-to-pay-student-loans/comment-page-1/#comment-26464 Wanted-Exemption for Earned Income Credit : Bankruptcy Law Network Wed, 14 Nov 2007 15:08:42 +0000 http://www.bankruptcylawnetwork.com/2007/11/13/earned-income-credit-seized-to-pay-student-loans/#comment-26464 [...] read with interest Kent Anderson’s post about the seizure of an earned income credit to pay a student loan.   That offers yet another reason to add a federal exemption provision to protect the earned [...] [...] read with interest Kent Anderson’s post about the seizure of an earned income credit to pay a student loan.   That offers yet another reason to add a federal exemption provision to protect the earned [...]

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