Current Bankruptcy News

 

Student Loan Discharge Granted to Jekessa Johnson in Bankruptcy Case No. 22-31756 Following New DOE Guidance 

Posted by Jeffrey Butwinick | Nov 27, 2023 | 0 Comments

Minneapolis, MN – [November 27, 2023] – In a groundbreaking decision that aligns with the new student loan bankruptcy discharge guidance issued by the Department of Education (DOE) on November 17, 2022, the United States Bankruptcy Court for the District of Minnesota has approved the discharge of student loan debt for Jekessa Johnson in case no. 22-31756. This resolution, achieved through a stipulation with the Department of Education, marks a significant moment for individuals seeking relief from burdensome student loan debt through bankruptcy. 

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Minnesota Resident Ann Bateman Eliminates $73,120.90 in Student Loan Debt

Posted by Jeffrey Butwinick | Jun 22, 2023 | 0 Comments

Ann Bateman, a resident of Faribault, Minnesota, had $73,120.90 in student loan debt eliminated after filing a lawsuit against the United States Department of Education. The lawsuit was filed by Minnesota attorney Jeffrey H. Butwinick, and the bankruptcy court case number is AP 23-3001.  The judgment in Bateman’s favor was granted on June 15, 2023.

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Student Loans vs. SBA Loans: Why the Bankruptcy Double Standard?

Posted by Jeffrey Butwinick | May 09, 2023 | 0 Comments

Those who believe that student loan debts should not be discharged in bankruptcy often argue that it is unfair to taxpayers. They argue that taxpayers should not have to pay for the debts of others, especially when those debts were incurred voluntarily. However, this argument does not hold up when it comes to SBA loans. SBA loans are also government-backed loans, and they can also be discharged in bankruptcy. So, if it is okay for taxpayers to pay for the debts of SBA borrowers, why is it not okay for taxpayers to pay for the debts of student loan borrowers?

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Student Loans: The New American Nightmare....

Posted by Jeffrey Butwinick | May 05, 2023 | 0 Comments

The Department of Education recently issued new guidance that makes it easier for borrowers to discharge their student loans in bankruptcy. The guidance sets forth a new process for borrowers to apply for bankruptcy discharge, and it provides more flexibility for borrowers to receive a bankruptcy discharge of their student loans.

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**Filing for Bankruptcy: A Fresh Start**

Posted by Jeffrey Butwinick | Apr 20, 2023 | 0 Comments

If you're struggling with debt, you're not alone. Millions of Americans are in the same boat. And while there are many different ways to deal with debt, filing for bankruptcy can be a great option for some people. Bankruptcy is a legal process that allows you to get out of debt. When you file fo...

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United States Department of Education and the Department of Justice issued new guidelines on November 17, 2022 regarding the discharge of student loans in bankruptcy.

Posted by Jeffrey Butwinick | Mar 30, 2023 | 0 Comments

To discharge student loans in bankruptcy under the new guidelines, borrowers must first file an adversary proceeding in bankruptcy court. The adversary proceeding is a lawsuit filed against the lender or servicer of the student loans. In the adversary proceeding, the borrower must prove that repa...

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How does bankruptcy impact your credit score?

Posted by Jeffrey Butwinick | Mar 14, 2023 | 0 Comments

Bankruptcy is a tradeoff. It typically wipes away debt that you can't afford to pay, but it tells the world that you're a credit risk. The bankruptcy may be noted on your credit report for 7 to 10 years, but it doesn't  impact your ability to obtain credit that entire time. For example, many peop...

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