Student Loans Easier To Cancel In Bankruptcy
The Department Of Justice and the Department Of Education are implementing a new procedure for bankruptcy debtors to seek cancellation of student loan debt. Debtors can now complete an attestation form to assist the government in … [Read More...]
Southern District Of Florida Bankruptcy Court Student Loan Program
The U.S. Bankruptcy Court For The Southern District Of Florida established a Student Loan Program that begins May 3, 2021. It can be utilized for both federal and private student loans. Relative to federal student loans, the goal is to … [Read More...]
Private Student Loans
The Department Of Education and its loan servicers may tell you that all student loans can not be cancelled in bankruptcy. This is not correct. It is true that student loans that are made, insured, or guaranteed by a governmental unit, or … [Read More...]
The Coronavirus, Mortgage Foreclosures, & Student Loans
The Coronavirus pandemic has caused hardships for all Americans. The government has responded. Many counties have suspended foreclosure sales, and evictions, for the immediate future. The FHA has directed effective immediately … [Read More...]
Student Loan Modification Program
The United States Bankruptcy Court For The Southern District Of Florida is currently considering the implementation of a Student Loan Modification Program. Through this program bankruptcy debtors can consider repayment options offered … [Read More...]
New Bankruptcy Program to Pay Back Student Loans
In the United States 43 million people are burdened by student loan debt that totals more than 1.5 trillion dollars. In Florida 2.4 million Floridians carry school debt totaling 85.5 billion. Unlike other types of debt, like credit card … [Read More...]
U.S. Department Of Education To Evaluate Student Loan Debt In Bankruptcy
The U.S. Department Of Education has requested public comment on the factors to be considered in evaluating undue hardship claims asserted by student loan borrowers in adversary proceedings filed in bankruptcy cases. Currently bankruptcy … [Read More...]
Senior Citizens And Student Loan Debt
According to the Consumer Financial Protection Bureau student loan debt owed by borrowers aged 60 and older has quadrupled over the last 10 years. The average amount owed has increased, and the default rate is up. Many senior borrowers … [Read More...]
Possible Relaxation Of Student Loan Undue Hardship Test?
Under the Brunner “undue hardship” test it is extremely difficult to cancel student loan debt in bankruptcy. Some courts are beginning to relax this test, as we can see from a recent U.S. District Court decision from Kansas. This court … [Read More...]
Loan Forgiveness of Federal Student Loans
If your school mislead you, or violated laws relating to your student loan or the educational services that your loan paid for, you can apply to the U.S. Department Of Education for Student Loan Forgiveness Through Borrower Defense. You … [Read More...]
Cancel Your Student Loans Outside Of Bankruptcy
Recently cases filed by student loan lenders have been dismissed because those lenders were not able to prove the ownership of the loans they were attempting to collect. Most private student loans are originated by banks. These loans are … [Read More...]
