Yep. I had heard about it in private equity plays, i.e. a fund acquires a loss making business to turn around and force the lenders to write off 30% of their de

Yep. I had heard about it in private equity plays, i.e. a fund acquires a loss making business to turn around and force the lenders to write off 30% of their debt, but never with student loans. I've had success negotiating certain matters with the tax authority in a similar way, when dealing with unclear laws.