The judge releases 354 thousand dollars. US Student Loan Service. 7 Sanction



Law360 (Jun 23, 2021 4:46 PM ET) – A New York federal judge overturned a $ 354,000 contempt punishment imposed on a student loan attendant for failing to file for bankruptcy, saying the order was punitive and gave to the debtor in case of unearned windfall profits.

In a ruling issued on Tuesday, U.S. District Court Judge Gregory Woods said the bankruptcy judge hearing debtor Sheldon Leary had mistakenly punished Great Lakes Educational Loan Services Inc. without the ability to correct his actions and founded a size reward for Leary’s mistaken belief that he had fulfilled his educational duty.

“Insofar as…

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