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2nd Circuit says private student loans can be discharged in bankruptcy


2nd Circuit says private student loans can be discharged in bankruptcy
 
Privately issued student loans may be discharged in bankruptcy, a federal appeals court has ruled.
In its decision Thursday, a three-judge panel of the 2nd U.S. Circuit Court of Appeals at New York affirmed a bankruptcy court’s denial of Navient Solutions’ motion to dismiss a case brought by a borrower who argued his private educational loans were discharged in bankruptcy.
The student loan servicer claimed that a provision in the U.S. Bankruptcy Code prevents a borrower from discharging “obligation[s] to repay funds received as an educational benefit, scholarship, or stipend.” The panel, however, said under that reading, the “term ‘educational benefit’ would encompass virtually all private student loans.” ....

New York , United States , Sallie Mae , Boies Schiller Flexner , George Carpinello , Hilalk Homaidan , Amanda Robert , Us Bankruptcy Court , Us Circuit Court , Emerson College , Navient Solution , Bloomberg Law , Tuition Answer Loans , Eastern District , New Orleans Based , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சல்லி மே , போயஸ் ஷில்லர் நெகிழ்வு , அமண்டா ராபர்ட் , எங்களுக்கு திவால்நிலை நீதிமன்றம் , எங்களுக்கு சுற்று நீதிமன்றம் , எமர்சன் கல்லூரி , ப்ளூம்பெர்க் சட்டம் , கல்வி பதில் கடன்கள் , கிழக்கு மாவட்டம் ,