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Chapter 7. Chapter 13. Main features. All nonexempt assets will be sold to repay some of the debts you owe. You’ll keep your property, but you must repay your debts on an agreed-upon timeline
Higher Education Act of 1965. An Act to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in post-secondary and higher education. The Higher Education Act of 1965 ( HEA) ( Pub. L. 89–329) was legislation signed into United States law on November 8, 1965, as part of President ...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ( BAPCPA) ( Pub. L. 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code . Referred to colloquially as the "New Bankruptcy Law", the Act of Congress attempts to, among other ...
navient .com. Navient Corporation is an American student loan servicer based in Wilmington, Delaware. Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across ...
Loaded 0%. Student advocates are cheering long-awaited changes to the difficult process to discharge student loan debt in bankruptcy. The new streamlined process announced jointly by the Justice ...
Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court, according to a letter sent by the country’s ...
Act renamed as the Bankruptcy and Insolvency Act; provisions for consumer proposals, mandatory counselling for individual debtors, and commercial reorganizations; protection for unpaid suppliers; altering the priority given to Crown claims; 1997: 30 April 1998 provisions on the dischargeability of student loan debt
The Consumer Financial Protection Bureau (CFPB) is taking steps to ensure that unlawfully collected student loan debt discharged in bankruptcy is returned to borrowers. Student Loan Crackdown ...