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Private Student Loans barred by the Statute of Limitations

My last two blogs have focused on wiping out student loan debt.  The first blog, Wiping out Student Loans in bankruptcy is difficult discussed the general guidelines to obtaining a discharge of a student loan in a bankruptcy proceeding.  In general, it is a very challenging and frequently fruitless endeavor but not necessarily impossible.  My […]

Can you wipe out Private Student Loans in bankruptcy?

A few weeks back, I blogged about how it was very difficult to wipe out a student loan in bankruptcy.  Everything mentioned in that blog still applies, including the fact that wiping out student loans in bankruptcy is very difficult.  Now the question presented is whether or not “private student loans” are dischargeable in bankruptcy.  After all, […]

Wiping out Student Loans in bankruptcy is difficult

8th Circuit Bankruptcy Appellate Court (controlling in Nebraska and Iowa) denies discharge of student loan debt It’s a very tough situation.  Very, very tough.  Getting rid of student loan debt in a bankruptcy is a serious challenge but not necessarily impossible. In a decision filed on October 27, 2014, the Bankruptcy Appellate Panel for the 8th Circuit Court […]

The Student Loan crisis | Can bankruptcy help?

Millions of Americans are facing a student loan debt crises.  The young, in particular, have collectively been robbed and cheated of a bright economic future by crushing amounts of student loan balances.  Out of desperation for a solution, more and more people are wondering if bankruptcy of some sort could deal with this problem.  Unfortunately, […]

Student Loan Bankruptcy Discharge update

On October 30, 2012, the United States Bankruptcy Appellate Panel for the Eighth Circuit issued a new opinion regarding the subject of discharging student loans in a bankruptcy proceeding.  In the matter of Shaffer v. U.S. Department of Education, No. 12-601 (8th Cir. BAP Oct. 30, 2012), the Court addressed whether or not Susan M. […]

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