Dive into the Newsweek feature to explore the detailed discussion on discharging loans through bankruptcy. https://www.newsweek.com/woman-cleared-student-loan-debt-bankruptcy-forgiveness-1867424 Gain a deeper understanding of the topic through a consultation with Attorney Jeff Butwinick. You ...
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.
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.
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.
Minnesota Bankruptcy Attorney Jeffrey Butwinick Achieves Landmark Victory, Secures Full Discharge of Student Loan Debt for Client Monica King
Butwinick Law Office Obtains $67.000 Student Loan Discharge for Bankruptcy Client
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Butwinick Law Office Assists Four Clients with Bankruptcy Discharge of over $425K in Student Loan Debt
If you are struggling to repay your debts, filing for Chapter 7 bankruptcy can be a great option for you.
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.
U.S. Department of Education Stipulates to Discharge over $80,000 in Student Loan Debt of Minnesota Resident.
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10 things to know about Chapter 13 bankruptcy
Chapter 13 bankruptcy is a type of bankruptcy that allows you to repay your debts over a period of time, usually 3 to 5 years. It can be a good option if you are struggling to make your monthly payments and are facing foreclosure or repossession.
A fresh start. Filing for bankruptcy can give you a fresh start by wiping out most of your debts. This can help you to improve your financial situation and move on with your life.
Student Loan Borrowers Can Now Get Their Loans Discharged in Bankruptcy, and It's a Big Deal
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?
Filing for Chapter 7 bankruptcy can be a daunting task, but it is important to know that the process does not have to be complicated. In fact, the entire process can be completed in as little as three to four months.
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.
Bankruptcy has a number of advantages over debt settlement.
Bankruptcy can provide a fresh start, reduce stress, and improve relationships.
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...