Archives for May 2021

Potential Changes Looming With How Student Loan Debt is Handled During Bankruptcy

Admin on May 30, 2021 Posted in Bankruptcy News, Blog

Advocates are currently urging the United States Supreme Court to provide clarification about what debtors must establish to eliminate student loan debt in bankruptcy. Erasing student loan debt through bankruptcy is almost always difficult to do. Bankruptcy courts require a high standard of “undue hardship” to be established before student loan debt can be discharged.  […]

Court Rules Recoupment Requires Proof of Emotional Distress

Admin on May 15, 2021 Posted in Bankruptcy News, Blog

In April, a bankruptcy court entered a judgment in favor of a national bank, determining that the plaintiff had failed to establish that he had experienced an injury involving economic or emotional distress damages due to the lender’s violations. During Chapter 13 bankruptcy proceedings, the plaintiff initiated legal action against the bank and a loan […]