Current Bankruptcy News

 

Butwinick Law Office Assists Six Clients with Bankruptcy Discharge of nearly $500,000 in Student Loan Debt

Posted by Jeffrey Butwinick | Jan 20, 2024 | 0 Comments

Butwinick Law Office leveraged recent legal developments that expanded the possibilities for discharging student loan debt in bamkruptcy. These cases underscore the evolving landscape of bankruptcy law, providing a beacon of hope for those burdened by the weight of student loans.  The new guidance issued by the DOE provides a clearer framework for determining when a borrower can have their student loans discharged in bankruptcy. It is designed to reduce the adversarial nature of bankruptcy proceedings involving student loan debts and to ensure fair and just treatment for borrowers demonstrating undue hardship.  Student loans can only be discharged by a specialized adversary proceeding process as part of a bankruptcy case.

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**Title: Navigating Rough Economic Waters: Understanding and Embracing Bankruptcy as a Viable Option**

Posted by Jeffrey Butwinick | Dec 19, 2023 | 0 Comments

In the midst of today's challenging economic landscape, where uncertainty seems to be the only certainty, many individuals and businesses find themselves grappling with financial difficulties. This blog post aims to shed light on a topic that, despite its increasing relevance, remains shrouded in stigma and misunderstanding: bankruptcy.

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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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