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Tag Archives: Dischargeable Debt

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Feds Scrutinize Student Loan Repayments

By Jessica Holguin |

Shortly before President Donald Trump was sworn into office, the Consumer Financial Protection bureau filed suit against one of the country’s largest student loan servicers. According to court documents, Navient was guilty of two sins. First, it failed to properly credit additional payments on existing loans, although part of the blame may fall on… Read More »

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Dischargeable Bankruptcy Debts

By Jessica Holguin |

Mortgage underwriters talk a lot about debt-to-income ratio, and as a rule of thumb, a 43 percent DTI ratio is the ceiling for mortgage qualification purposes. The thinking is that people who owe more money than that cannot afford to pay it back, and therefore they are very poor credit risks. So, according to… Read More »

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Eliminating Debt Through Bankruptcy

By Jessica Holguin |

It would be nice if bankruptcy was a magic wand that instantly discharged all consumer debts. After all, bankruptcy is a fresh start, and people cannot obtain this fresh start while still saddled with debts they cannot pay. Alas, the world does not work that way, largely because moneylenders have financial rights as well,… Read More »

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Of Bankruptcy And Taxes

By Jessica Holguin |

In Wetmore v. Markoe (1904), Supreme Court Justice William Day summed up the intent and purpose of the Bankruptcy Code when he wrote that “Systems of bankruptcy are designed to relieve the honest debtor from the weight of indebtedness which has become oppressive, and to permit him to have a fresh start in business… Read More »

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