FIRST...to place second.

the warthen story made me happy :)

The smart money is on SCOTUS reversing the 9th Circuit's attempt to make it easier to discharge student loan debt. However, even the 9th Circuit decision only helps those with asleep-at-the-switch lenders who fail to object when given the opportunity.

4--

No. The smart money is on pursuing a trade, like plumbing.

LOL at the Time article comparing divorce cases to Iwo Jima.

check to 4 & 5. the caption about the SC making discharging student loans through br 'easier' is complete bs. even if the court upholds the lower court, only applies b/c the lender failed to object to the reorg plan. for fuck's sake, at least try to do better than sounding like a fox news 10pm news-teaser...the cure for cancer has been found!!

#6= racist

Suck it, Mystal.

7--

I haven't seen the decision. If the decision goes through, banks are going to have to spend money looking at bankruptcy papers to see if they have to object. If they do, they'll have to pay lawyers to go to court, etc. For some students, it may not be worth the bank's trouble to object, and the loans can be wiped clean. Maybe. Now, if you've got $200k in student loan debt, like some people on here seem to have, I think there's a good chance the bank's gonna show up and object. Up to the court then, I guess.

Gotta go. Have to get back to my big slip and fall case. Some tricky issues I have to look at.

---TTT Toileteer.

MORE autotune-the-news!

SMU is the Yale of Oklahoma.

Where's Kanye West on this:

Clinton said by 2050 the U.S. will no longer have a majority of people with European heritage and that in an interdependent world "this is a very positive
thing."

So, "Bill Clinton hates white people."

http://apnews.myway.com/article/20090614/D98QA80G0.html

7 has it right. Eli's headline is garbage, this is a classic 9-0 reversal in the offing. Bankruptcy code is extremely clear that procedure for dicharge requires initiation of an adversarial proceeding. The CA9 held that as long as there was actual notice, a discharge without such a proceeding doesn't violate due process. Ok, but lots of things wouldn't violate the constitution but nevertheless violate a statute, and you have to follow what the statute says regardless. This is going to be pretty easy.

That story you ran yesterday reads like porn spam. There is no way that is true. It's nothing more than an invitation to sign up for the website check her out and hire a hooker. Do some research first. I'm also sad to see Lat's name on the article because frankly, he's better than that.

This is your FOURTH post about this Stanford slag, and altogehter they've generated 60 comments. Get the point...no one cares.

Greedy whore got what she deserved.

GOLD DIGGING FAIL

For Chapter 13s, any creditor who DOESN'T read the Chapter 13 plan is a moron. From a practical standpoint, most smart Chapter 13 trustees would point out a discrepancy in the plan like this to the debtor's attorney, and the judge would probably tell the debtor's lawyer to fix it. However, in a case where the trustee doesn't say anything, and the student loan creditor doesn't look at the plan, I think a law change where the creditor loses some money because of it would be great.

But, since the code requires adversary proceedings here, I don't see how the Court could decide to ignore that.