A bankruptcy court’s determination that a Chapter 7 debtor’s student loans were not an undue burden was clearly erroneous, the U.S. Bankruptcy Appellate Panel for the Eighth Circuit held Aug. 21 (Conway v. Nat’l Collegiate Trust (In re Conway), B.A.P. 8th Cir., 13-6016, 8/21/13).
Judges Thomas L. Saladino, Robert J. Kressel, and Anita L. Shodeen found that the debtor did not have reasonably reliable future financial resources and reversed and remanded the bankruptcy court’s decision that the student loans were not dischargeable.
Loans and Layoffs.
Chelsea Conway graduated in 2005 with a bachelor’s degree in media communications. ...
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