Sorry for the lack of recent posts. Final exams took considerable time away from me. I'll try to be better in the future.
I thought that I should briefly write about something important in the world of bankruptcy that has recently come to my attention. A new study, discussed on a recent ABI podcast, reveals new data about the dischargeability of student loans. Specifically, when debtors attempt to discharge their student loans, they are successful approximately 40% of the time. This is in sharp contrast to we often hear in the media, that student loans are "nearly impossible," or sometimes even that they absolutely cannot be discharged. It seems as though such media reports have produced a deterrent effect on debtors from even attempting to discharge their student loans. For more details, I highly recommend listening to the podcast: http://news.abi.org/podcasts/125-study-on-student-loan-discharges-and-the-undue-hardship-standard
It is entirely possible, however, that the reason the success rate is so high is precisely because most student borrowers know that they don't meet the standard (which is fairly well-settled), and they and their attorneys do not waste the time and money on an obviously futile adversary proceeding.
ReplyDeleteIt is entirely possible, however, that the reason the success rate is so high is precisely because most student borrowers know that they don't meet the standard (which is fairly well-settled), and they and their attorneys do not waste the time and money on an obviously futile adversary proceeding.
ReplyDeletestudent loan consolidation
It's unfortunate the burden that student loans put on American citizens. Especially with the epic unemployment rates that accompanied the recession. Luckily, Indianapolis Bankruptcy isn't as significant as it could be with our high employment rates for new college graduates of current. We'll see if it remains that way as the years go by though.
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my name is vicky from uk since the past 8yrs i have
ReplyDeletebeen doing a business which i wanted to florish, at
a paticular time i was making profit from but at a
at time i also loss more, my business was trumbling
because i wanted more i went to the bank to get a loan
200,000 dollars which i invested on my business 2weeks
later robbers bust in my store and they took almost
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store that was 10,jan,2014 a partner called me that
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many months i have been suffering MY STORE WAS LOCK DOWN
AND I WAS NOW IN DEPT I DON'T KNOW WHAT TO DO BECAUSE OF
THAT I GOT B.P EVERYDAY CRYING AND THINK this sep 14,2014
i was about to chat on facebook to my friend to help for some
job to gather some money so i can pay the bank. behold just
as i was browsing network wasn't responding and i was redirected
so voy-forum there i saw a comment posted by wallace how he face
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brethren i was loaded with money dollars i screamed!!! i quickly run home
i hide myself that day i couldn't do anything because many things was coming
my mind. the next day i want to the bank with the money i paid the bank i was
still having up to 600,0000 dollars i opened another big store my store is the most
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in the bank. and today i am a rich woman and my childre shall never suffer again.
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Nice post.....!!!!!!!!
ReplyDeleteThanks for sharing it.
Regards,
Student Debt Center