Renewed attempts at debt collection following bankruptcy discharge are a serious problem. Aggressive collection agencies buy up old debt for pennies on the dollar, counting on being able to collect some proportion of the debt. It appears that student loan creditors are now pursing debts previously thought to have been discharged. Educational Credit Management Corporation [...]
Student Loans
The website providing details for a new student loan repayment program is up and running to provide information to borrowers anxious to get their student loan payments under control. The website, www.IBRinfo.org, provides information, a calculator and is a portal to further information. As of June 28, 2009, t the calculator did not appear functional, [...]
Student loans are hard to get rid of; even in bankruptcy. Congress only allows a bankruptcy court to discharge student loan debt when not doing so causes undue hardship for the debtor or the dependents of the debtor. The discharge rule for student loans is short and is set out in 11 USC §523(a)(8). Undue [...]
Bankruptcy discharge was denied for student loans because the debtor failed to claim a tax benefit. After her earned income credit was seized to pay her student loans, a mentally and physically disabled mother of two became disheartened and stopped applying for it.  The US Bankruptcy Court in the Northern District of Ohio, Western Division, ruled [...]
