Debtors

Following an economic downturn, lenders are inundated with lender liability suits typically based on purported promises to extend the maturity dates of loans, alter the terms of loan agreements, or to forbear from foreclosing on real property collateral.

People want to pay their debts. If there is one thing I have learned over the last 11 years of practicing law is that people generally want to pay the debts that they have incurred. People usually hire me when they simply can’t.

This guy succeeded in discharging his student loan debts, and he didn't have to pimp out his wife...

Tristan Taylor Thomas has a no good, very bad, horrible day at a job interview...

In the future, law school tuition is going to be very, very high, if we keep going at our current rate. How frightening are the numbers?

Wherein Tristan Taylor Thomas receives am encouraging message from a fortune cookie, and tries to live by it. Too bad it only lasted for a weekend...

When you are unhappy with your job, you have to take joy in the simpler things in life -- like watching television. But sometimes even that is an unpleasant experience.

Should regretful law school graduates solicit donations over the internet to pay off their student loans? Debate in the comments and take our poll.

Is a law degree worth the debt that comes with it?

Who won the award for Comment of the Week?

A federal judge calls for systemic change in the law school student loan system...

* In case you’ve been sleeping under a rock, Mitt Romney picked Rep. Paul Ryan as his Vice Presidential running mate. Putting politics aside, this is a great pick, if only because Ryan is so handsome. Seriously, he’s a total stud. [Wall Street Journal]

* “How can I be the one guy with a good degree who is going to be chronically unemployed?” Sadly, many lawyers are still looking for jobs after (multiple) layoffs, but thanks to a lack of positions, employment is just “not in the cards” for them. [New York Times]

* Deadliest clerkship? The Washington, D.C. judge who presided over one of the most violent mass shooting cases in the nation’s capital was reportedly held up at gunpoint last week, with her law clerk in tow. [Fox DC]

* Something is rotten in the state of Denmark Texas. Judge Sam Sparks “know[s] the smell of bad fish,” and now wants to know why the USADA waited so long to bring charges against Lance Armstrong. [Bloomberg]

* After reversing a bankruptcy court’s decision that loan repayment would be an “undue hardship” for a law-school debtor, a judge took the time to rip law schools a new one over escalating tuition. [Oregonian]

* Match.com class-action plaintiffs found no love in court after a federal judge ruled that the dating website hadn’t breached its user agreement. Much like their love lives, their claims aren’t getting any action. [Reuters]

* A man who is his own lawyer has a fool for a client: 23% of all cases filed in the federal court for the S.D.N.Y. are brought by pro-se litigants, and the vast majority of them seem to have lost their minds. [New York Post]

Which law schools have reported inaccurate figures for their graduates' average indebtedness?

You probably never thought that your student loans would be both financially and romantically ruinous, but as it turns out, young adults aren’t keen on getting into bed with six-figures of debt every night.

* Speaking on the condition of anonymity, one Supreme Court justice thinks that things will be back to normal at One First Street come the start of the next term, despite his colleagues’ loose lips. [National Law Journal]

* Hourly billing rates for associate are on the rise nationwide, while partner and counsel billing rates only saw modest bumps. Is Biglaw back in business, or is this just another “retention strategy”? [New York Law Journal]

* This is a really hard to believe newspaper headline: “Law firm recognizes employees have life outside of work.” Carlton Fields, what kind of gypsy voodoo magic spells are you casting? [South Florida Sun-Sentinel]

* Another day, another editorial about the “irretrievably broken” state of legal education in our country. But the ABA admins needn’t worry their oblivious little heads, because people will keep applying. [New York Times]

* And in today’s disturbing law school debtor news, Jason Bohn’s charge was upgraded to first-degree murder after a DA announced via indictment that Bohn allegedly intended to torture his victim. [New York Post]

* “Quite frankly, these are the actions of a dirty old man.” You can look, but never lick: it’s not really a good thing when a judge uses a sentence like this to describe an attorney’s alleged client relations skills. [CBS News]

* For it’s one, two, three strikes you’re out at the old ball fraud game. Lenny Dykstra pleaded guilty to bankruptcy fraud among a potpourri of other felony counts, and he’ll now face up to 20 years in prison. [CNN]

An "epic fail" jumps straight out of Katy Perry's lyrics and into a bankruptcy court opinion....

* Someone figured out exactly what’s on every nerdy lawyer’s holiday wish list: an iPhone app for PACER. Get it while it’s hot — it’s free! [iTunes App Store] * The First Amendment will always reign supreme, even if people are harassing religious old ladies on the Twitter. [Underdog] * Legalizing same-sex marriage is like […]

There are some debtors who go to such lengths to escape their obligations that you have to wonder what kind of person lent them money in the first place. Today we’ve got an expedited motion to vacate. It’s filed by an attorney, representing the debtor, who seems mad — both mad as in “angry,” and […]