I’ll bet that if you asked the average person what debt is the worst kind of debt, he’d say taxes. Â But owing student loans is, ironically, far worse than owing Uncle Sam. During my next few posts, I’ll examine exactly what a student loan is, a bit of history of how the Bankruptcy Code has [...]
student loan
The US Supreme Court plans to hear oral argument on several important bankruptcy cases in its 2009/10 term. One case, Milavetz Gallop v. U. S., deals with the relationship between bankruptcy lawyers and their clients. The case of U. S. Student Aid Funds v. Espinosa will determine what type of procedural steps must be taken [...]
More student loans are not dischargeable in bankruptcy than ever before and the definition of student loan has been expanded to include private loans and expenses that are not “loans” in the traditional sense of the word loan. The changes came after Congress passed the s0-called bankruptcy reform act in 2005 known as the Bankruptcy [...]
Part 8 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 13: Class is Now In Session. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes [...]
Administrative standards for discharge of a trade school student loan are not available in a bankruptcy case according to the United States Bankruptcy Court for the Northern District of Ohio in the case of Gregory v. U.S. Department of Education (April 1, 2008), which ruled that the requirement of undue hardship must always apply to the discharge of [...]
