Legislation grad wins release of their pupil financial obligation in opinion criticizing ‘punitive criteria’

Legislation grad wins release of their pupil financial obligation in opinion criticizing ‘punitive criteria’

In exactly what will be called a “stunning” choice, a bankruptcy judge has ruled that the 2004 graduate of Yeshiva University’s Cardozo Law class may erase a lot more than $220,000 in education loan financial obligation.

Regulations grad, 46-year-old Kevin Jared Rosenberg, represented himself. Their income that is annual is than $38,000, along with his month-to-month earnings after costs operates at a deficit of about $1,500, in accordance with the Jan. 7 opinion by Chief U.S. Bankruptcy Judge Cecelia Morris associated with the Southern District of the latest York.

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

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.

Morris stated she ended up being applying the so-called Brunner test for release of student financial obligation because it had been initially meant. […]