Panama City Debt Consolidation Lawyers Highlight Recent Student Loan Decision
Panama City, FLA. – This month, a New York federal appeals court said bankrupt private student loans were not immune from discharge. According to local debt consolidation attorneys, several district court judges in the United States (United States) have upheld U.S. Bankruptcy Judge Elizabeth Stong’s ruling that Navient Solutions LLC violated an earlier court order for pay off a borrower’s student loans in a 21-page notice. The main decision shows unprecedented movement in the field of student loans.
A representative for the borrower, George Carpinello, told a reporter that the case was of great importance to people who had considered bankruptcy proceedings but were hesitant because they believed their private loans would not be discharged.
According to the court, the terms used in the provision relating to educational benefits are an unconventional way of referring to a loan. The court explained that if Congress had intended to protect all educational loans from the discharge, it would not have used such stilted language. Similar decisions have been issued by the 5th and 10th U.S. Courts of Appeal regarding private student loans. Navient said in a statement that the appeal concerned only one aspect of the litigation and that he intended to continue to present defenses regarding the other aspects of the litigation.
Lewis and Jurnovoy have been providing bankruptcy assistance in Panama City and throughout Florida for over 20 years. The beloved lawyer specializes in Chapter 13 and 7 bankruptcy law, helping those who find themselves in all types of financial situations. Lewis and Jurnovoy also host a bi-weekly TV show called ‘Bankruptcy Hour’, where they provided live bankruptcy advice to the local community. The show airs on Blab TV every alternate Tuesday at 7:00 p.m. Central Standard Time. For a free consultant or more information on Chapter 13 or Chapter 7 bankruptcy, call Lewis and Jurnovoy at (850) 913-9110 or visit them online anytime at www.LewisandJurnovoy.com.
For more information on Lewis & Jurnovoy, PA – PCB, contact the company here:
Lewis & Jurnovoy, Pennsylvania – PCB
2714 15th Street West
Panama City, Florida 32401