Category Archives: Student Loans

Congress may extend bankruptcy relief to private student loans

Source: http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.lohud.com%2Farticle%2F20100506%2FNEWS01%2F5060372%2F1018%2FNEWS02%2FCongress-may-extend-bankruptcy-relief-to-private-student-loans
College graduates overwhelmed by private student loans could see bankruptcy relief if proposed legislation makes its way through Capitol Hill. Supporters of the Private Student Loan Bankruptcy Fairness Act of 2010 argue that private borrowers lack important consumer protections that come with federal loans — such as deferment plans and income-based repayment options. Under […]

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 loans unless […]