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Pupil Loan Discharged in Bankruptcy – simply a Blip, or Something larger?

A choice this month from the Bankruptcy Court in Manhattan (SDNY) might have a significant affect industry for education loan securitizations. Student loan asset-backed securities (SLABS) are unsecured, but market individuals typically assume that the student that is underlying aren’t dischargeable in bankruptcy. a new ruling by the main judge of this SDNY’s Bankruptcy Court challenges this assumption. Continuer la lecture