Canterbury, Edward PaulOhio N.u.l.rev
One option is to change the bankruptcy laws. In America, Britain and elsewhere, these treat student debt as a special case: unlike other forms of debt, it cannot be wiped out. If student debt is not to bind existing graduates and put off future ones, the rules could be changed so that...
If student debt is not to bound existing graduates and put off future ones, the rules could be changed so that it is dischargeable in bankruptcy. Yet the reasoning behind the current bankruptcy provisions is logical enough: education is an asset that cannot be repossessed and that keeps on ...
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default determination bankruptcy repossession foreclosure charge-off or write-off of federal student aid debt wage garnishment tax lien having an adverse credit history doesn’t instantly disqualify borrowers from securing plus loans. but there may be additional requirements, such as having a co-signer...
» MORE: Private student loan bankruptcy: Is it getting easier? Additional ways loans may be forgiven There are two other instances in which your loans may be forgiven without making a payment: Total and permanent disability discharge of both private and federal student loans is possible...
Teaching Note : Discharging Student Loans In Bankruptcy: Good Luck With That CASE BODYThe FactsMiddle class parents in a mid-sized town in the Midwest raised Rory Grette. Their dream was for him to go to college and maybe even get his M.B.A. someday. Rory was an excellent student. He...
Student Loans: The Most Special of Circumstances American Bankruptcy Law JournalSutton, Kristi RoseUluc, Inan
A fellow law school student even suggested Thomas declare bankruptcy after graduating “to get out from under the crushing weight of all my student loans,” the justice wrote in his best-selling 2007 memoir, “My Grandfather’s Son.” He rejected the idea. Related Stories Student loa...
BANKRUPTCY, MORALITY & STUDENT LOANS: A DECADE OF ERROR IN UNDUE HARDSHIP ANALYSIS In an effort to stem perceived abuses of the bankruptcy system, Congress adopted a rule in 1976 that created a time-based conditional limitation on the dis... White,Linn - 《Ohio Northern University Law Review...