Student Loan Debt Discharged In Bankruptcy

more+
less-

Given the massive amount of student loan debt is more than 1 Trillion and has exceeded credit card debt, the next financial bubble will almost certainly involve student loan defaults. In this article, read how one Debtor was able to avoid payment of student loans where Sallie Mae, Inc was held to the very same standard that all debtors are held to in regard to filing timely responses to legal proceedings duly served upon a party. Sallie Mae failed to file an answer to an adversarial proceeding filed to contest the dischargeability of over $25,000.00 in student debt. Failing to have appropriate internal processes in place to ensure that important documents are reach the appropriate party, Sallie Mae Inc was unable to set aside the default judgment that discharged this Debtor's bankruptcy.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Denise Brown's Legal Direction | Attorney Advertising

Written by:

more+
less-

Denise Brown's Legal Direction on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×