Recent Court of Appeals Discharges $300,000 in Student Loans
Posted By Joseph Tosti on Jun 21, 2010 2:31pm PDT
The 8th Circuit Court recently upheld a Minnesota bankruptcy court's discharge of $300,000 in student loans, even though the Debtor's husband was paying for a newly installed screened-in deck and had just purchased a luxury Chevrolet Suburban.
The court ruled that the debtor's inability to work, due to family considerations and having to care for her autistic children, as well as the fact that it was not actually the debtor's income that was used for the luxury purchases.
For more information on Bankrupty news check back often or contact orange county bankruptcy attorney Joseph Tosti.