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Agencies, Congress turn up heat on debt collectors
The rise in health care-related consumer debt, student loans, shoddy record keeping by creditors and abusive practices by debt collectors are leading federal regulators and lawmakers to crack down on third-party debt collectors and call for tighter rules applying to them.
Student loan law: A niche for a few good lawyers?
With huge numbers of students facing crushing debt and national student loans surpassing credit card debt, some lawyers have found a new niche: representing clients hounded by student loan creditors, debt collectors and loan servicers.
BLAWG LOG: Lawyers.com: Yes, you can ditch a student loan in bankruptcy
The mantra is repeated over and over: You can’t discharge student loans through bankruptcy. However, while it’s reality for most indebted people, the conventional wisdom isn’t quite true.
New federal study makes case for student loan relief
A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.
Bankruptcy courts divide on student loans
Wisconsin’s bankruptcy courts are divided over whether a Chapter 13 debtor can give preferential treatment to student loan debts.
10-32528 In re Johnson
Bankruptcy Student loans Student loan obligations are not a special circumstance under 11 U..C. 707(b)92)(B); but a debtor may separately classify the loan obligations and maintain regular payments on them. “The Debtor has failed to demonstrate that the repayment of her student loan obligations constitutes a special circumstance under § 707(b)(2)(B). Although an involuntary or […]
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