Tag Archives: Loans

Private Student Loans From For-Profit Schools Are No Longer Under Investigation by the DOE

The New York Times today in an article titled “Education Department Unwinds Unit Investigating Fraud at For-Profits” shows a department charged with investigations of schools such as DeVry, Corinthian, Everest, ITT, IADT etc., has only three employees now that it … Continue reading

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Loans and Liens: The Weinstein Company Chapter 11 Hearing #3

The third hearing in the The Weinstein Company chapter 11 took place on April 19, 2018 (prior 2 hearings here and here). The hearing focused on final court approval of a $25 million loan to fund the debtor during its … Continue reading

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Quicken Loans: Cut Your Mortgage Payment by 50%*

Have you seen the commercials on TV for mortgage loans where you can get a $150,000 loan for only $450 a month (rather than the usual $1000)? [Watch commercial] The ad is for Quicken Loans’ “Secure Advantage” loan. Among the … Continue reading

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Preemption Not Dead: Servicers of Student Loans Achieve Significant Victory in Ninth Circuit P

In Chae v. SLM Corporation, No. 08-56154 (9th Cir. January 25, 2010), the U.S. Court of Appeals for the Ninth Circuit held that the federal Higher Education Act (the "HEA") preempts student borrowers ("Plaintiffs") claims that Sallie Mae, Inc.s ("Sallie … Continue reading

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Access Group Inc loans taken out to pay for law school generally not subject to discharge in Bankruptcy § 523(a)(8)(A).

ANOTHER STORY FROM THE FRONTLINE OF STUDENT DEBT INDEBTEDNESSStruggling lawyer who moved back in with parents struggles to discharge Access Group Inc. loans taken out to pay for law school; fails at summary stage in adversary proceeding, but will have … Continue reading

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