Legislation grad wins release of their pupil financial obligation in viewpoint criticizing ‘punitive standards’

Legislation grad wins release of their pupil financial obligation in viewpoint criticizing ‘punitive standards’

A bankruptcy judge has ruled that a 2004 graduate of Yeshiva University’s Cardozo Law School may erase more than $220,000 in student loan debt in what is being described as a“stunning” decision.

What the law states grad, 46-year-old Kevin Jared Rosenberg, represented himself. His income that is annual is than $38,000, along with his month-to-month income after costs operates at a deficit of approximately $1,500, in accordance with the Jan. 7 viewpoint by Chief U.S. Bankruptcy Judge Cecelia Morris regarding the Southern District of brand new York.

The Albany days Union, which noted the “stunning decision, ” plus the Wall Street Journal have protection.

Rosenberg’s consolidated education loan was at forbearance or deferment for ten years starting in April 2005. He made 10 re re re payments of varying quantities throughout the next 26 months.

Morris said she had been using the alleged Brunner test for release of pupil financial obligation because it had been initially meant. Because the test is made in a 1987 choice, instances interpreting it have lay out “punitive requirements” and dicta that is“retributive” she said. Continue reading “Legislation grad wins release of their pupil financial obligation in viewpoint criticizing ‘punitive standards’”