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From the article it seems that he's made no payment on his loan at all, even though he had a job and no substantial outgoings, but rather defaulted. He tried to
by ig1 16y ago
From the article it seems that he's made no payment on his loan at all, even though he had a job and no substantial outgoings, but rather defaulted. He tried to declare bankruptcy to clear his loan rather than trying to pay it off.
That is an attempt to abuse the legal system.
- tptacek 16y agoI don't understand your comment. Student loans can't be discharged in bankruptcy.
- lmkg 16y agoThey cannot. He was trying to anyways. Quoting the article which is quoting the court: The applicant testified that during the pendency of the bankruptcy proceeding, the payments on his student loan obligation would be greatly reduced. ... the panel observed that the only debt that could be discharged in a bankruptcy proceeding would be the applicant’s $16,500 in consumer debt, as the applicant’s $170,000 in student loans are nondischargeable in bankruptcy.