Past month, the United States Court docket of Appeals for the Next Circuit, in Homaidan v. Sallie Mae, Inc., 3 F.4th 595 (second Cir. 2021), affirmed a New York federal court’s ruling that personal scholar financial loans are not explicitly exempt from the discharge in a chapter 7 bankruptcy, opening the door for additional debtors searching for to acquire relief from educational personal debt….
By: Nelson Mullins Riley & Scarborough LLP