Thank you! We have a couple more up for hearings next month!

@steamboatusa.bsky.social we did it! $350k in student loans gone

If I can get a default against them that would be pretty incredible and ideal 😏

Now is the time. I heard they might have folks from the DOJ Crim division handling these civil matters. That's going to be hilarious 😂

I would like to note that they had an attorney of record until yesterday on another case we have against them but now it shows Pro Se for that one as well.

@steamboatusa.bsky.social now is your chance

On a funny note: there is more than one reason people like to start businesses / have their principal headquarters in Florida.
That state has wicked BK exemptions

Any time!

Yup, but you can also still make very good money and file chp13, assuming you're up to your neck in debt. Using this logic many people making lots of money discharge 100s of thousands after they complete their plan. For still solvent businesses this goes into the millions usually in Chp11!

Research key words “The Brunner Test” in you local fed district court and circuit. I'm sure there are several controlling cases if you're interested!

But overall we need to make discharge easier for student loans. I've seen people get over $100k in tax debt discharged, which I think might be worse than student loans, lol

I mean if you can show that you won't be able to repay them without undue hardship; you might have a shot. It has become more acceptable. Surprisingly Oklahoma has been popular for this!

Ha, that might be challenging.

Another interesting thing: income tax debts that are at least three years old can be discharged if the returns were timely filed (or filed at least two years before bankruptcy), the taxes were assessed at least 240 days before filing, and there was no fraud or willful tax evasion.

But then again I have seen successful Chp7 discharges for unsecured personal loans in the range of $60k, where the person made less than five payments.

Assuming you didn't take the loan out with intentions to never pay it to get around the taugh standard to discharge student loan debt, I don't see why it couldn't be discharged. Assuming it is unsecured and you have at least made some good faith to pay it!

The courts are also flooded right now with bankruptcies. We are taking more clients who want to try to discharge their student loans in BK. That’s an angle for a few, but not enough.

Now I just need him to write that on a review for clients to see 🤣