Wrapping up another busy week with student loan discharges in bankruptcy and forgiveness under the disability program. Hosted an excellent presentation for Tampa Bay Bankruptcy Bar Association attorneys on the new procedures for small business reorganizations by Amy Denton Harris, a shareholder with Stichter, Riedel, Blain & Postler, P.A. and…
I’m usually reluctant to talk much about pending bills recently introduced because so much can happen before a bill becomes a law. Remember that cartoon with the little bill walking from place to place? Wow, that dates me a bit. But odds are something along these lines will get passed…
This week I received an email from a borrower who believed that she didn’t have to make her private student loan payments due to COVID and the CARES Act. Not true. While many private lenders have indeed voluntarily agreed to forbearance of two to six months per a recent Wall…
A proposed court settlement between the Trump administration and defrauded borrowers is in jeopardy after the administration revealed its widespread denials of requests for student debt cancellation for those who attended schools who lied to them in order to get them to attend, the Washington Post reported recently. The settlement…
This recent 10th Circuit case, McDaniel v. Navient, has gotten a lot of press among those in the student loan arena when it paved the way for discharge of 200k of private student loans. But what does it really mean? First, here is what wasn’t addressed in this case. Navient…
Pop quiz: which option below is more likely going to END your student loan debt? Investment in Bitcoin (up 60+% this year) or Ethereum (up 300-400% this year); Winning the lottery; Discharging private student loans in bankruptcy while income is impacted by COVID? Place your bets…. I know which one…
We’re investigating this company for potential violations of the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), among other things, and I ran across their Better Business Bureau reviews. I’ve never seen so many 1 star reviews! They’ve been in business for 48 years, are a major…
Nope. At least not at first blush, but keep reading. Not surprisingly, a loan provided to refinance student loans does not change the character of the loan. The Court in Juber v. Conklin (In re Conklin), No. 19-91 (W.D. N.C. Apr. 6, 2020) concluded that “[s]o long as the loan…
A review from another satisfied customer! Private student loans begone! I didn’t think it would be possible 5.0 stars Posted by LauraMay 29, 2020 I am so thankful that Christie and her team were able to resolve an issue with a private student loan. Many years ago I took a loan…