Things to understand
- Legal counsel with crippling education loan financial obligation and negative income that is monthly their financial obligation discharged in a NY bankruptcy court
- The main U.S. bankruptcy judge in Manhattan stated a test that is crucial maybe perhaps not been properly requested years
- The attorney, a Navy veteran, had seen his debt nearly dual since 2005
A lawyer been able to get very own his massive, years-old pupil debt tossed call at ny bankruptcy court this week, after he had been in a position to show the burden ended up being therefore huge he could never manage to spend it.
The ruling potentially has huge implications for other people putting up with under crushing pupil financial obligation lots, because it condemns the typical belief that such financial obligation cannot be released in bankruptcy.
Kevin Rosenberg took away figuratively speaking from 1993 to 1996 to cover college, invested five years within the Navy, then took away more loans to go to legislation college from 2001 to 2004. Continue reading “NY Bankruptcy Judge’s Ruling May Help People Get R >”Read More