Law 360 (Jul 15, 2021 7:09 pm ET) – The Second Circuit Court of Appeals on Thursday upheld a New York federal court ruling that private student loans are clearly not exempt from repaying a debt granted to debtors in Chapter 7 bankruptcy hitting the collection of loans to Navient Solutions LLC.
In a conclusion drawn up by Judge Dennis Jacobs of the United States District Court, a panel of three judges ruled that Section 523 (a) (8) of the Bankruptcy Code does not provide a complete exclusion from the applicability of the bankruptcy revocation to private loans provided by student borrowers.
The conclusion cites the language used in …
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