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Congress taking up Student Loan undue hardship issue
I too agree with Larry. It would help a lot of clients.
On Feb 23, 2012 3:10 PM, "Larry Simons" wrote:
> **
>
>
> It would be nice if any new law would allow us to separately classify
> student loans in chapter 13 and/or allow us to pay them directly.****
>
> ** **
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On Behalf
> Of *blc subscriptions
> *Sent:* Thursday, February 23, 2012 10:07 AM
> *To:* cdcbaa@yahoogroups.com; blc subscriptions
> *Subject:* RE: [cdcbaa] Congress taking up Student Loan undue hardship
> issue****
>
> ** **
>
> ****
>
> Received this from a NACBA board member yesterday****
>
> ****
>
> NACBA released a report titled, *The Student Loan Debt Bomb: Americas
> Next Mortgage-Style Economic Crisis?*
The post was migrated from Yahoo.
Iagree.
Sal Sciortino
________________________________
To: "cdcbaa@yahoogroups.com"
Sent: Thursday, February 23, 2012 9:58 AM
Subject: RE: [cdcbaa] Congress taking up Student Loan undue hardship issue
How about student loans being fully dischargeable after 7 years?
From:cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] On Behalf Of Mark J. Markus
Sent: Thursday, February 23, 2012 9:51 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Congress taking up Student Loan undue hardship issue
FYI....I just got off the phone with an aid from Congressman Anson Clark's office (in Detroit) soliciting my opinions on what kind of changes need to be made statutorily (or otherwise) to make it easier to discharge student loans and provide more certainty to the process.
I gave her my input for about 20 minutes, but referred her to NACBA/NCLC to get more specifics and recommendations. If we, as a group, have anything specific to add, I would suggest contacting our NACBA chair (whom I think is still David Tilem) and providing said input.
I mentioned a few things like allowing the proceeding to be done by motion rather than adversary to make it more affordable for the debtor/client, and also defining what undue hardship is in the code so it's not left so much up to the judiciary, etc.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at
The post was migrated from Yahoo.
Yes, I actually referred her to that article and she is reading it
as we speak. But she's open to input from others as well.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
The post was migrated from Yahoo.
I actually mentioned reverting to the original 5 years on that, with
some specificity on when the time periods run from (remember the old
language "in repayment status"...).
Anyway, they want to send this to their legal drafters sometime this
week. I know it's not a lot of time, but if you want to give me the
group's input on specifics, and any specific language, I will
forward it to her.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
The post was migrated from Yahoo.
Amen
Kenneth Jay Schwartz, Esq.
LAW OFFICE OF KENNETH JAY SCHWARTZ
21031 Ventura Boulevard, Suite 640
Woodland Hills, California 91364-2226
Telephone: (818) 226-1205
Facsimile : (818) 226-1213
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________________________________
To: "cdcbaa@yahoogroups.com"
Sent: Thu, February 23, 2012 9:58:38 AM
Subject: RE: [cdcbaa] Congress taking up Student Loan undue hardship issue
How about student loans being fully dischargeable after 7 years?
From:cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] On Behalf Of Mark J.
Markus
Sent: Thursday, February 23, 2012 9:51 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Congress taking up Student Loan undue hardship issue
FYI....I just got off the phone with an aid from Congressman Anson Clark'soffice (in Detroit) soliciting my opinions on what kind of changes need to be
made statutorily (or otherwise) to make it easier to discharge student loans
and provide more certainty to the process.
I gave her my input for about 20 minutes, but referred her to NACBA/NCLC to get
more specifics and recommendations. If we, as a group, have anything specific
to add, I would suggest contacting our NACBA chair (whom I think is still David
Tilem) and providing said input.
I mentioned a few things like allowing the proceeding to be done by motionrather than adversary to make it more affordable for the debtor/client, and also
defining what undue hardship is in the code so it's not left so much up to the
judiciary, etc.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at
The post was migrated from Yahoo.
FYI....I just got off the phone with an aid from Congressman Anson
Clark's office (in Detroit) soliciting my opinions on what kind of
changes need to be made statutorily (or otherwise) to make it easier
to discharge student loans and provide more certainty to the process.
I gave her my input for about 20 minutes, but referred her to
NACBA/NCLC to get more specifics and recommendations. If we, as a
group, have anything specific to add, I would suggest contacting our
NACBA chair (whom I think is still David Tilem) and providing said
input.
I mentioned a few things like allowing the proceeding to be done by
motion rather than adversary to make it more affordable for the
debtor/client, and also defining what undue hardship is in the code
so it's not left so much up to the judiciary, etc.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this
means at
The post was migrated from Yahoo.