Legislation grad wins discharge of their pupil financial obligation in viewpoint criticizing ‘punitive standards’

Legislation grad wins discharge of their pupil financial obligation in viewpoint criticizing ‘punitive standards’

A bankruptcy judge has ruled that a 2004 graduate of Yeshiva University’s Cardozo Law School may erase more than $220,000 in student loan debt in what is being described as a“stunning” decision.

What the law states grad, 46-year-old Kevin Jared Rosenberg, represented himself. Their yearly earnings is less than $38,000, along with his month-to-month earnings after costs operates at a deficit of approximately $1,500, in accordance with the Jan. 7 viewpoint by Chief U.S. Bankruptcy Judge Cecelia Morris associated with the Southern District of brand new York.

The Albany instances Union, which noted the “stunning decision, ” plus the Wall Street Journal have protection.

Rosenberg’s consolidated education loan was at forbearance or deferment for ten years starting in April 2005. He made 10 re re re payments of varying quantities throughout the next 26 months. […]