Student Loans

SURVEY: 4 OUT 5 U.S. BANKRUPTCY ATTORNEYS REPORT MAJOR JUMP IN STUDENT LOAN DEBTORS SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S.

SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S. WASHINGTON, D.C. – With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face the loss of nest eggs, retirement homes and other assets), America faces the …

SURVEY: 4 OUT 5 U.S. BANKRUPTCY ATTORNEYS REPORT MAJOR JUMP IN STUDENT LOAN DEBTORS SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S. Read More »

Bankruptcy Stops Student Loan Wage Garnishment

11 USC § 362 – Automatic stay (a)Except as provided in subsection (b) of this section, a petition filed under section 301, 302, or 303 of this title, or an application filed under section 5(a)(3) of the Securities Investor Protection Act of 1970, operates as a stay, applicable to all entities, of— (1)the commencement or …

Bankruptcy Stops Student Loan Wage Garnishment Read More »

Sulphur Springs Lady Discharges Nearly $70,000 In Sallie Mae & TERI/NCT Student Loans In Chapter 7 Bankruptcy Adversary Proceeding

My client, seventy (70) year old Sulphur Springs Texas resident, working full time at a local department store sought Chapter 7 bankruptcy protection from Sallie Mae and TERI/NCT, student loan creditors. (TERI stands for The Education Resources Institute; NCT means National Collegiate Trust). A discharge under Chapter 7 or Chapter 13 does not discharge student …

Sulphur Springs Lady Discharges Nearly $70,000 In Sallie Mae & TERI/NCT Student Loans In Chapter 7 Bankruptcy Adversary Proceeding Read More »