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Judges Refuse To Allow Students To Discharge Debt

, The National Law Journal

   | 2 Comments

Some judges within the past year seemed to take a softer stance toward struggling law school graduates carrying tens of thousands of dollars in loans. But during this month alone, federal judges in two states slapped down attempts by law graduates to discharge their student loans through bankruptcy.

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What's being said

  • joanne denison

    Good article. It shows how the bankruptcy courts are not issuing opinions in an uniform fashion. BK should protect the debtor and be construed as liberally as possible. In Illinois the debts are gone anyway in 5 years. There is no way this guy will pay this off anyway.

    But I guess now the bank can sue and they can settle in circuit court for 5 cents on the dollar.

  • herself

    Student-borrower litigators could travel a different path. For example, both a Primary-Lender who sells/resells loan paperwork and a Secondary Loan-buyer who discharges such debt repeatedly as "bad" create instant profit on the same item to which some form of tax can be attached. Simple question is: Lawfully, how can anyone perpetually create profit on undepreciated items. Depreciation is a Heartbeat of markets. Undeciphered back-door profit is a notion which seems kin to usury. Let us shut our eyes, and consider collaterals of All such.

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