In a recent case in the Third Circuit the Bankruptcy Court ordered Commonwealth Financial Systems (CFS) to pay damages in the amount of $88,480 for violating an automatic stay and discharge injunction. 4 Years prior to the debtors filing for Chapter 7 Bankruptcy, CFS obtained a judgment for the amount of $23,307.49 against her. Following […]
Undue Hardship and the Discharge of Student Loans
Earlier this year a Wisconsin Bankruptcy Court decided that debtor Bradley A. Mhyre was entitled to have his student loans discharged in bankruptcy under the Brunner Test for determining undue hardship. In 1994 Mhyre sustained a neck injury that left him paralyzed from the chest down leaving him limited use of his shoulders and arms. […]
Super Heroes Fight Debt
by Cathy Moran, California Bankruptcy Lawyer The GetOutOfDebt guy is my hero. He’s not quite as swashbuckling as Batman and Superman. Not as suave as Elliot Ness, battling crime gangs. But he’s fighting for a better world, nonetheless. He fights Debt, a blight on too many in our squeeze-the-middle class, consumer society. Steve Rhode sings […]
