For anyone with federal student loan or any student loan for that matter...

[turbinetree]

July 15, 2021
8:38 PM EDT
Last Updated 2 days ago

Private student loans can be tossed in bankruptcy, appeals court rules

(Reuters) - A New York-based federal appeals court on Thursday said that private student loans are not protected from discharge in bankruptcy.

In a 21-page decision, a three-judge panel of the 2nd U.S. Circuit Court of Appeals upheld U.S. Bankruptcy Judge Elizabeth Stong’s refusal to dismiss a lawsuit against student loan servicer Navient Solutions LLC accusing it of violating a prior court order discharging a borrower’s loans.

George Carpinello of Boies Schiller Flexner, who represented the borrower, said in an interview on Thursday that the decision is significant for people who might have wanted to seek bankruptcy relief to address their student loan debt but felt they couldn’t because they assumed their private loans would not be dischargeable.

https://www.reuters.com/legal/transactional/private-student-loans-can-be-tossed-bankruptcy-appeals-court-rules-2021-07-15/

[Greybnk48]

2. Back to how it used to be,

and rightly so. For decades there were no (predatory) private loans. This was to protect scammers.

[LakeArenal]

3. Why do judges insist on bucking the popular decisions???