Student loans can be erased “discharged” in bankruptcy.

Student loans can be erased “discharged” in bankruptcy.   The attached Order discharging my client’s Discover Financial Services private student loans was signed by Judge Ashely M. Chan on March 25, 2020 pursuant to 11 USC § 523(a)(8) and 11 USC § 727.   Don’t listen to those Google lawyers with a JD degree in googling. As B.A. Baracus eloquently said: “I ain’t get time for that jibba jabba.”

Erasing Student Loans

Stop Debt Collector Harassment You have the power to stop student loan harassment. Simply demand that the student loan collection agency stop contacting you in writing. I suggest that you write a letter and send it via fax / email and postal mail certified, with a return receipt clearly stating that you dispute the student loan debt and request that all communication stop immediately. Below is a template that works well: How to Deal With Collection Agencies http://thephiladelphiabankruptcyattorney.com/debt-collector/how-to-deal-with-collection-agencies/ If they continue to contact you, the consumer law allows you to sue them up to $1,000 for for the violation of 

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Colleges Withhold Transcripts From Grads in Loan Default

More than ten years ago, Pedro Rodriguez, a talented keyboard musician, came from his colonial homeland of Puerto Rico to go to Temple University. From a low-income family, he depended heavily on student loans to finance his four-year undergraduate study. Graduating summa cum laude with a bachelor’s of music, he went on to earn a master’s degree in music from Temple and then was hired for three years to teach there as an adjunct. By the end of college, he was $62,000 in debt but was making payments regularly until Temple laid him off, allegedly because of budget cuts. That’s 

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DISCHARGING STUDENT LOANS IN BANKRUPTCY

Student Loans and Chapter 7 Bankruptcy Most student loans are obtained from a lending institution and are ultimately guaranteed by the United States Department of Education.  In many situations the loans are guaranteed by a middle entity, usually one of the forty-seven state guarantee agencies.  The Pennsylvania Higher Education Assistance Agency (PHEAA) is such a guarantee agency.  If a student defaults on a student loan, the original lender seeks reimbursement from the guarantee agency.  Once the lender is repaid, the guarantor then holds the promissory note and commences collection action. PHEAA has state statutory authority to commence an administrative action 

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DISCHARGING STUDENT LOANS IN BANKRUPTCY

Student Loans and Chapter 7 Bankruptcy Most student loans are obtained from a lending institution and are ultimately guaranteed by the United States Department of Education. In many situations the loans are guaranteed by a middle entity, usually one of the forty-seven state guarantee agencies. The Pennsylvania Higher Education Assistance Agency (PHEAA) is such a guarantee agency. If a student defaults on a student loan, the original lender seeks reimbursement from the guarantee agency. Once the lender is repaid, the guarantor then holds the promissory note and commences collection action. PHEAA has state statutory authority to commence an administrative action 

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