A bankruptcy judge has ruled that a 2004 graduate of Yeshiva University’s Cardozo Law School may erase more than $220,000 in student loan debt in what is being described as a“stunning” decision.
What the law states 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 expenses operates at a deficit of approximately $1,500, based on the Jan. 7 viewpoint by Chief U.S. Bankruptcy Judge Cecelia Morris regarding the Southern District of brand new York.
The Albany occasions Union, which noted the “stunning decision, ” plus the Wall Street Journal have protection.
Rosenberg’s student that is consolidated was at forbearance or deferment for ten years starting in April 2005. He made 10 re re payments of varying quantities through the next 26 months.
Morris stated she ended up being using the alleged Brunner test for release of pupil financial obligation since it had been initially meant. Considering that the test was made in a 1987 decision, situations interpreting it have lay out “punitive standards” and dicta that is“retributive” she said.