Tag Archives: discharge

Did Changing Bankruptcy Laws Cause the Mortgage Mess?

By Mark Lieberman, Senior Economist
Source: FOXBusiness
During the debate over changes in personal bankruptcy laws, bankers were tripping over themselves to get Congress to agree to changes to make filing personal bankruptcy more difficult. The changes, they argued, would make borrowers more responsible – and by the way reduce bank losses as debts could no longer […]

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 […]

The Discharge - Video 7


Limits of Bankruptcy Part 3

Bankruptcy Basics
Part 3
Limits of Bankruptcy
Some debts cannot be discharged in a bankruptcy.
Running Time: (4:34)

by uscourts.gov