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Students Must Show Persistent Financial Difficulties to Discharge Student Loans

ABI

In general, student loan debt is not dischargeable in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of undue hardship. A court will typically consider a debtor’s potential for future employment in determining whether student loan debt may be discharged.

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A Sale or a Loan? The Plain Language is not always Dispositive

ABI

In In re Shoot the Moon, LLC , the United States Bankruptcy Court for the District of Montana held that a transaction between a restaurant business and a lender was a loan with a security interest in receivables as opposed to a sale with an ownership interest in receivables. [i] 8) the language of the agreement and the conduct of the parties.

Loans 40
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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

The first consideration that lenders (banks and credit unions alike) often face is when, and if, to conclude that the account owner does not intend to, or is not able to, clear the negative balance or loan deficiency. As a result, a loan that is charged off is written off and deemed a loss of principal and interest. See Caplinger v.

Lender 98
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Bankruptcy Court Denies Section 546(e) Safe Harbor Protection in Fraudulent Transfer Action

PBWT

See 11 U.S.C. §§ ” 11 U.S.C. § ” 11 U.S.C. § In 2015, Defendants brought a motion for summary judgment under section 546(e), arguing that the transfers were protected by the safe harbor. The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy.

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The Power of Optimization: Solving a Dire Water Access Problem

Fico Collections

Tue, 07/19/2022 - 16:11. Rancourt, Jessica Rodríguez-Pereira and Selene Silvestri, all associated with HEC Montréal — used the power of mathematical optimization to design a water distribution system with an example application in Nepal, which suffered drinking water supply problems following earthquakes in 2015. by Oliver Bastert.

Loans 52
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The Worsening State of Mortgage Affordability in 2021

Credit Corp

There are just 11 cities in which the income spent on mortgage has remained mostly unchanged in the past decade. It’s also the only city on the list where homeowners have spent over 40% of their income on mortgage in both 2010 and 2015. On average, homeowners spend 41% of their gross income on mortgage payments each month.

Loans 98
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 29, the Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings, covering the practices of student loan servicers and schools that lend to students directly. For more information, click here. For more information, click here.