category first-circuit Loans Related Topics 
Troutman Sanders
JULY 19, 2021
Court of Appeals for the Second Circuit ruled that private student loans are not explicitly exempt from a debtor’s Chapter 7 bankruptcy discharge. The discharge order did not specify whether it applied to the borrower’s two private student loans, totaling $12,567. qualified private educational loans. On July 15, the U.S.
ABI
JANUARY 13, 2022
Sallie Mae , the United States Court of Appeals for the Second Circuit held that private educational loans may be discharged under § 523(a)(8)(ii) of title 11 of the United States Code (the “Bankruptcy Code”). [1] 1] Homaidan funded his college education, in part, with two private tuition loans from Navient that totaled $12,567. [2]
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True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Key Indicators and the Student Loan Predicament According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the first quarter of 2023 by $148 billion (.9%)
Troutman Sanders
JANUARY 23, 2024
On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. billion in additional student loan debt relief for 73,600 borrowers. For more information, click here.
Collection Industry News
APRIL 13, 2023
The company secured a $240 million loan to help fund its operations during bankruptcy. Bed Bath & Beyond had been a crown jewel of the era of so-called “category killers” — chains that dominated a category of retail, such as Toys “R” Us, Circuit City and Sports Authority.
Collection Industry News
FEBRUARY 21, 2022
But if we were to judge our uniqueness simply by our first and last names, we’d be disappointed. Some of us might share the same first and last names with hundreds or thousands of other people. Consumer Protection. By James A. We’d all like to think that we’re unique. In a country with almost 2.5
Collection Industry News
JULY 4, 2022
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion on June 29, 2022, clarifying its view as to the legality under the Fair Debt Collection Practices Act (FDCPA) of “convenience fees” for optional methods of expedited payment not prescribed in the underlying loan documents, such as payment by phone or on the web.
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