MSNBC: Alex Witt Reports
12/31/2022 5:54pm
... bankruptcy, this one political, becomes more and more obvious. republicans are finally starting to distance themselves from him. not in the careful way, or the quiet way that they have been doing for years. every day, more loudly, more ...
MSNBC: 2022 Headlines Highlights and History
12/31/2022 12:26pm
... across the country amounted challenges against americas largest companies, demanding better way pay and working conditions. a cascade of bankruptcies in the crypto space, a flurry of megamergers, and the ...
CNN: Early Start With Christine Romans
12/30/2022 10:53am
... drugstore on every corner and bed, bath & beyond. they are on bankruptcy watch. they could file for bankruptcy next year. they're closing 100 stores in 2023. bed, bath & beyond has just gotten crushed by competition. amazon, walmart, target. ...
MSNBC: The Beat With Ari Melber
12/29/2022 11:51pm
... he testified before congress last summer after the uvalde, texas, massacre. nick, always so good to see you. look, the nra, it filed for bankruptcy in 2021, but a judge ruled that filing was done in ...
MSNBC: Way Too Early With Jonathan Lemire
12/29/2022 10:43am
... which has, of course, initially proved to be bankrupt a while ago. having filed for chapter 11 bankruptcy not so long ago. so the lawsuit is, of course, the latest legalest to try to then lay claim to what is the ...
CNN: Early Start With Christine Romans
12/29/2022 10:27am
... 6 educators died a hoax. in connecticut 15 plaintiffs awarded more than $1.4 billion and in a separate trial in texas two parents got nearly 50 million. jones has filed for personal bankruptcy and his company has ...
FOX News: Hannity
12/29/2022 7:06am
... you look at budha , judge, from the beginning, this guy was not qualified to take this job. he's a cabinet secretary. and in his first year in the office, we're having tremendous supply chain issues . people can't get the supplies that they need when businesses are going bankrupt. ...
FOX News: Hannity
12/29/2022 2:06am
... he's cabinet secretary. in his first year in office, when we have tremendous supply chain issues, people can't get the supplies that they need, when businesses are going bankrupt, where is he? he takes two months off for ...
CNN: CNN Newsroom
12/28/2022 6:10pm
... to keep us afloat along with the other airlines otherwise we would have been bankrupt and out of business so that money was used to support payroll. there were lots of stipulations imposed by the government on how to use that money and, you know, ...
FOX News: FOX and Friends
12/27/2022 11:39am
... not only law enforcement resources but church resources as well as the county. the county is already bankrupt so is the city as far as we know. we just can't sustain this it's not going to happen. ...
CNN: Early Start With Christine Romans
12/27/2022 10:20am
... money. $32 billion company that plunged into bankruptcy basically overnight. reporter: leaving millions of workers scrambling for funds. i'm getting into crypto. and attracting government ...
CNN: CNN Newsroom
12/26/2022 7:47pm
... in connecticut, 15 plaintiffs awarded more than $1.4 billion. and in a separate trial in texas, two parents got nearly $50 million. jones has filed for personal bankruptcy, and his company has done the same. ...
CNN: CNN This Morning
12/26/2022 11:48am
... exchange, ftx over claims it misused company money. the company that plunged into bankruptcy overnight. leaving millions of customers scrambling to recover funds. a class action suit for celebs ...
FOX News: FOX and Friends
12/26/2022 11:23am
... such a great writer and major piece as english writer he quoting from the very beginning ernest hemingway the sun also rises. how did you go bankrupt? well, two stages. gradually and then fully and it really brings home the point ...
FOX News: FOX and Friends
12/26/2022 11:22am
... reeducate people in social justice and social causes, and that is starting to catch up. employers aren't looking for people with that type of education. not anymore. the ones that have have almost bankrupt themselves over it. and what he believes is that employers will kind of right the ...
MSNBC: Loan Wolves
12/26/2022 1:54am
... and on friday, i was shocked. i read this article. it said schumer was asked about bankruptcy for student loans. and he's--and he was-- the talk-- he was right on message, whereas when i met him a couple of months ago, he wasn't. so i'll send it to teresa if that's okay. - okay. thank you, senator. ...
MSNBC: Loan Wolves
12/26/2022 1:53am
... we spoke to schumer very recently. and he said he's now very interested in this. and he seemed open to it. i don't think it was really on his radar. and then just a couple of days ago, he was quoted saying, 'oh, absolutely. 'people who have student debt should be able to discharge it through ...
MSNBC: Loan Wolves
12/26/2022 1:52am
... i like john, but we don't agree on much. but we put a bill together. it says there would reach a point after ten years of your student loan, where you can discharge it in bankruptcy. - now, you mentioned senator cornyn, and i think that's important. senator hawley, i understand, is also supporting ...
MSNBC: Loan Wolves
12/26/2022 1:51am
... - nice to meet you. i'm blake. - well, thanks for sitting with us. we are focused on student debt, particularly the issue of bankruptcy. the 1998 higher education act, there was a one or two-line provision that was snuck in. and you were in congress at the time. ...
MSNBC: Loan Wolves
12/26/2022 1:49am
... - but what most didn't notice was a response he gave in the post-conference q&a. 'it's outrageous,' he said, 'that other people get to declare bankruptcy, but students can't.' this was exciting. with real momentum on the bankruptcy issue, ...
MSNBC: Loan Wolves
12/26/2022 1:48am
... how you doing? - we met with schumer. - yeah. i asked him about bankruptcy. do you know about this bill that durbin's got that, like, cornyn and hawley are on right now? and he didn't seem to fully be aware of the bill. ...
MSNBC: Loan Wolves
12/26/2022 1:47am
... - and senators cornyn and hawley just joined and said they would be for that. so that's got a bipartisan-- - yeah, thanks. - okay, terrific. - thanks again. appreciate it. - i'll email your staff about the bankruptcy thing. ...
MSNBC: Loan Wolves
12/26/2022 1:47am
... does that surprise you, that story, that somebody like that-- - it still does. yeah, something like that, because that's really weird. - yeah. thank you so much for your time. - okay. let's take this off. - appreciate it. - i'm running late for my lunch. - so senator durbin has this bill that would ...
MSNBC: Loan Wolves
12/26/2022 1:46am
... - i had to get this on the senator's radar. just to tell you, the 1998 higher education act passed unanimously. the higher education act, good bill-- at the very last minute, someone snuck in a two-line provision that said you can't discharge your student debt through bankruptcy. - really? - and we ...
MSNBC: Loan Wolves
12/26/2022 1:46am
... it would be a struggle, and it might not pass. - well, i knew about one proposal that already had bipartisan support. senator durbin has a bill that would make it so that student debt can finally be discharged through bankruptcy the way every other-- if you're delinquent on your income taxes-- ...
MSNBC: Loan Wolves
12/26/2022 1:39am
... - this ten-year window would help students without encouraging strategic bankruptcy. - uh, there's a ten-year waiting period, which is not perfect, but that is where the solution to this problem begins. ...
MSNBC: Loan Wolves
12/26/2022 1:39am
... - this is an important issue. and i think our bill, the fresh start through bankruptcy act will provide an important-- important relief to students. - our bill would restore the ability of student loan borrowers to discharge federal student loans after a waiting period of ten years. ...
MSNBC: Loan Wolves
12/26/2022 1:38am
... across the aisle to pass the fresh start through bankruptcy act. this is an issue that i have dealt with for a long time. - i'm gonna take you to my favorite coffee shop. - oh, cool. i check back in with alan on this latest development that could finally ...
MSNBC: Loan Wolves
12/26/2022 1:38am
... - and the only way to pay for college, unless you're rich, is with a loan. - yeah. - meanwhile, as the cancellation discussion heated up, senator durbin finally seemed to be making progress on his bill to restore bankruptcy protections. - so i look forward to working with my colleagues ...
MSNBC: Loan Wolves
12/26/2022 1:30am
... - i think it's--yeah. i mean, you've got 44 million borrowers. [inquisitive music] and so i think it works. - i had met the man behind the bankruptcy rule, and he was not backing down. ...
MSNBC: Loan Wolves
12/26/2022 1:29am
... and maybe we should, lose $10 million, and then we have a chance to discharge it through bankruptcy. the one exception is people with student loan debt struggling as a result of that. and so are you sympathetic to the point that these students have been singled out? - well, i guess one could look ...
MSNBC: Loan Wolves
12/26/2022 1:29am
... for people who really get hammered, give them a chance to start over. - right. look, we have pretty much dischargeability for bankruptcy for almost any debt you could have. you and i can go to vegas tonight, ...
MSNBC: Loan Wolves
12/26/2022 1:29am
... is a more reasonable response than simply discharging the loan in bankruptcy. - okay. but do you believe in bankruptcy in general, just as a general-- - sure. - i mean, it sounds like you-- - sure. i do. no. i believe in bankruptcy as a general provision ...
MSNBC: Loan Wolves
12/26/2022 1:28am
... - so you just made a point that, you know, people should meet their obligations, like you said. but given not what the intention was, but what the result has been 20 years in, does that give you some pause and make you think maybe it is worth, you know, reopening that option for bankruptcy? ...
MSNBC: Loan Wolves
12/26/2022 1:27am
... - okay. it was now clear. we had finally found our man. - got it. so it's 20 years since the 1998 higher ed reauthorization act. - yeah. - and the bankruptcy provision, in particular-- ...
MSNBC: Loan Wolves
12/26/2022 1:27am
... through bankruptcy-- - sure. - what they said essentially happened is that there were a number of programs that people wanted. and so they went to the education department and you for ideas. and then that's where kind of that idea developed. does that sound about right? - i think that's fair ...
MSNBC: Loan Wolves
12/26/2022 1:20am
... - places where they could save money, cut federal spending, in order to pay for new spending on something else. - i see. - so it wasn't to drive this policy. it was, they were looking for money to pay for the bill. one of the places they go for ideas is the clinton administration. it turns out, the ...
MSNBC: Loan Wolves
12/26/2022 1:18am
... - oh, yeah, income-based repayment-- i'd seen some of those fun videos. - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, ...
MSNBC: Loan Wolves
12/26/2022 1:17am
... the 1998 higher education act made it so that federal loans were non-dischargeable in bankruptcy. do you recall that piece of it? - i recall it as a matter of law. i don't remember the debates about it. and we knew from the beginning that that was a problem. ...
MSNBC: Loan Wolves
12/26/2022 1:17am
... for student loans once and for all. - senator durbin even introduced a bill to fix the bankruptcy laws. but that seemed to be going nowhere. - for goodness sakes, how can we ignore the crushing student loan debt across america? - who had caused this whole mess? ...
MSNBC: Loan Wolves
12/26/2022 1:16am
... - they cannot discharge this loan in bankruptcy. congress changed the bankruptcy law, making student loan debts non-dischargeable in bankruptcy. college student loan is with you for a lifetime. we need to restore dischargeability in bankruptcy ...
MSNBC: Loan Wolves
12/26/2022 1:16am
... - i do wonder why student loan debt is exempted from the normal bankruptcy protections. how did that happen? - uh.great minds? - 44 million americans-- - well, there was one other guy, but nobody was listening to him, either. ...
MSNBC: Loan Wolves
12/26/2022 1:16am
... with qualifying internet. with my search ground to a halt, i started to wonder if this was all worth it. was anyone else wondering who was responsible for this obscure bankruptcy provision? ...
MSNBC: Loan Wolves
12/26/2022 1:10am
... - something that keeps coming up is the higher education act, particularly the reauthorization in 1998. i think it's safe to say you had a pretty key part in that. and one of the offsets that we noticed in there was the provision to make student loans not dischargeable through bankruptcy. i'm ...
MSNBC: Loan Wolves
12/26/2022 1:09am
... - and if you're going to exclude just this one debt, which for many people is by far the largest debt that they ever incur, then the whole purpose of bankruptcy is kind of negated. [dramatic music] ...
MSNBC: Loan Wolves
12/26/2022 1:08am
... - this is part of his legacy, i think. he really believed that there should not be any exception in the bankruptcy code for student debt. ...
MSNBC: Loan Wolves
12/26/2022 1:08am
... that my father would dare advertise such a thing. and i think it did play a role in getting state congressmen to vote to tighten on the bankruptcy laws. - for years, jim and the family have worried that bankruptcy rights were eventually removed because of the ruckus he caused. ...
MSNBC: Loan Wolves
12/26/2022 1:08am
... that made my dad a pariah in the peoria media. he was attacked on the local tv station. he was attacked on the peoria journal star. the local bankruptcy judge at the time referred to him in court as a shyster. - this is the same panic that led ...
MSNBC: Loan Wolves
12/26/2022 1:07am
... - in the 1970s, my father put an ad in the peoria 'journal star' advertising his services at a price well below what other bankruptcy lawyers were charging at the time. - when my dad advertised about student loan relief, ...
MSNBC: Loan Wolves
12/26/2022 1:07am
... in washington d.c., conservative economist ike brannon worked for his dad, jim, back home in small town illinois. - my father was a bankruptcy lawyer, and i spent a couple of summers working for him. and i saw what he was doing was something that was really helping a lot of people. ...
MSNBC: Loan Wolves
12/26/2022 1:07am
... - you know, i think there's a misperception that people have that bankruptcy is something that lazy people or people who just aren't good at managing money resort to. but overwhelming majority of them were the victims of bad circumstances. - long before working for john mccain ...
MSNBC: Loan Wolves
12/26/2022 1:02am
... they hit some bad times. - they hit some bad times. - yeah. - then what happened? - they filed for chapter 11 bankruptcy. - that's right. in 1996, buck mckeon's family business took advantage of that old american right-- the ability to get out from under your debt. ...
MSNBC: Loan Wolves
12/26/2022 0:51am
... guys? tell me, guys, what are you here for? what's your--what's your cause? who are you? what's going on? - we are the 45 million. and we're an organization that's working to cancel student loan debt. - yeah. - while i've been focused on the bankruptcy issue, another fix was gaining even more ...
MSNBC: Loan Wolves
12/26/2022 0:44am
... to get signed into law. - all right. you could see why this would be a little hard to follow or confusing for anyone who doesn't work in congress for a living. i mean, it's three, five, eight steps at least right here. so the provision that we're talking about that basically said you can't get rid ...
MSNBC: Loan Wolves
12/26/2022 0:42am
... through bankruptcy if you can show that you have undue hardship from your loans. i'm gonna tell you right now. i've been talking with people around the country, they all pretty much think that they have undue hardship. no one's like, this hardship is due, right? that seems so vague almost as to be ...
MSNBC: Loan Wolves
12/26/2022 0:42am
... people who have student loans, that seems to me. messed up would be my term of art for that. - to me as a lawyer, i look at it and say, if bankruptcy is available for all these other groups so that they can go on and be, 'productive,' if it's available for corporations ...
MSNBC: Loan Wolves
12/26/2022 0:42am
... maybe money ain't a thing because it won't be a thing. - 100%. - yeah. although i don't like it if it don't bling bling. - okay. - so if you have a law that says virtually anyone in the country can file for bankruptcy and get rid of their debts, anyone, except for one group of people, ...
MSNBC: Loan Wolves
12/26/2022 0:41am
... to explain why that should be the case. - okay, let me translate that wonky comment into english for you. - we don't allow student loan debt to be discharged in bankruptcy. - right. - i'd be at a loss to-- to explain why that should be the case. ...
MSNBC: Loan Wolves
12/26/2022 0:41am
... th- i think it's importanten, that people be able to borrow to make what may be the most important investment of their lives, which is in their education. - remember this guy? [tape rewinding] we don't allow student loan debt to be discharged in bankruptcy. - right. - i'd be at a loss to-- ...
MSNBC: Loan Wolves
12/26/2022 0:35am
... and you're going to tell me which one is easier to discharge through bankruptcy. are you up for like, a lightning round kind of thing here? - sure. - so please turn this way. world's saddest gameshow! we'll put some time on the clock, and here we go. ...
MSNBC: Loan Wolves
12/26/2022 0:35am
... - but no one was taking credit for the bankruptcy exception in the 1998 education bill. and it was easy to see why through a very weird exercise i subjected poor dave to. all right, dave, i'm going to name two different types of debts. okay? ...
MSNBC: Loan Wolves
12/26/2022 0:33am
... to see if people were gaming the system and recklessly declaring bankruptcy to avoid paying their student loans. but what the study found was that less than 1% of borrowers, or virtually no one, was actually doing this. ...
MSNBC: Loan Wolves
12/26/2022 0:32am
... - okay. - okay? two lines were inserted into that multi-hundred-page bill that made it so that federal student loans cannot be discharged through bankruptcy, making it basically one of the only debts that you cannot get rid of through bankruptcy. ...
MSNBC: Loan Wolves
12/26/2022 0:25am
... in a 1998 law. and no one knows who's responsible for it. what? - i would like to know who slipped these two lines into that bill that took bankruptcy uniquely away. i think that is the $2 trillion question. and i think that person needs to do something to make good. ...
MSNBC: Loan Wolves
12/26/2022 0:24am
... that would alter the economy for multiple generations, almost entirely. - technically, the bankruptcy code says if it represents an undue hardship, you can get a discharge. - undue hardship? [chuckles] that shouldn't be too hard to prove. ...
MSNBC: Loan Wolves
12/26/2022 0:23am
... the richer college lenders become. - so just having the threat of bankruptcy forces the lenders to behave rationally and with a modicum of good faith. - and without those bankruptcy protections, ...
MSNBC: Loan Wolves
12/26/2022 0:22am
... it's up to the student to pay it back no matter what. there is no bankruptcy option. - the lenders know you can't run, you can't hide. so this essentially gives them a license to steal. - when lenders have no incentives to restrict who they're lending to or how much to loan out, ...
MSNBC: Loan Wolves
12/26/2022 0:22am
... you open the door for widespread abuse by the lenders. - without bankruptcy as an option, college lenders now frivolously lend out as much money as they can to anybody who wants to apply because repayment is guaranteed. ...
MSNBC: Loan Wolves
12/26/2022 0:22am
... mostly. but student borrowers deserve that option too. now that doesn't mean everyone's going to run out and file bankruptcy, or that they even should. there's something much bigger at play here. - in the absence of the threat of bankruptcy, ...
MSNBC: Loan Wolves
12/26/2022 0:22am
... - how hard would it be for me to discharge my student loan debt through bankruptcy? - it's impossible. - i guess bankruptcy is reserved only for the truly neediest cases. all right, to be fair, they do deserve a fresh start. ...
MSNBC: Loan Wolves
12/26/2022 0:21am
... the audience goes, aw, and you lose all your money. and i just assumed that's something i don't want. - well, i've had many clients, post-bankruptcy, go on to buy houses, which they've never been able to do. i've had two clients actually become multimillionaires. ...
MSNBC: Loan Wolves
12/26/2022 0:21am
... permanently away for all time from federal student loans. - could this be true? and isn't bankruptcy a bad thing? i think the first time i heard the word 'bankrupt' was from watching 'wheel of fortune.' ...
MSNBC: Loan Wolves
12/26/2022 0:21am
... - bankruptcy. - what do you mean? - it is for all intents, impossible to discharge student loans in bankruptcy. - wait, i thought that all debts could be discharged in bankruptcy. - except for student loans. in 1998, they essentially took bankruptcy protections ...
CNN: CNN Newsroom With Fredricka Whitfield
12/25/2022 6:35pm
... in connecticut, awarded, and two parents not nearly $50 million. jones has filed for personal bankruptcy, and his company has done the same. i'm just proud that what we ...
MSNBC: 2022 Headlines Highlights and History
12/25/2022 12:25pm
... this meanwhile, labor unions and warehouses and coffee shop across the country mounted challenges against america largest companies demandin better pay, benefits, an working conditions among other business headlines it cascade of bankruptcies i the crypto space, a flurry o ...
CNN: CNN This Morning Weekend
12/25/2022 11:40am
... lip burst, costing investors more than $1 trillion. an implosion of ftx over claims it misused customer money. the 32 billion company that plunged into bankruptcy ...
MSNBC: Loan Wolves
12/25/2022 3:54am
... your discussions with schumer might be different, but when i met with him in november, he was like, oh, i'm definitely open to it, and i got him the information. and on friday, i was shocked. i read this article. it said schumer was asked about bankruptcy for student loans. and he's--and he was-- ...
MSNBC: Loan Wolves
12/25/2022 3:53am
... 'people who have student debt should be able to discharge it through bankruptcy.' so i'm giving you a tip that i think that if you get it through your committee, his eyes are more open on this bill than i think he used to be. - we absolutely need him. he decides which bills come before the senate. ...
MSNBC: Loan Wolves
12/25/2022 3:52am
... dick durbin and john cornyn of texas would be an odd couple. i like john, but we don't agree on much. but we put a bill together. it says there would reach a point after ten years of your student loan, where you can discharge it in bankruptcy. - now, you mentioned senator cornyn, ...
MSNBC: Loan Wolves
12/25/2022 3:51am
... watch your step. - nice to meet you. i'm blake. - well, thanks for sitting with us. we are focused on student debt, particularly the issue of bankruptcy. the 1998 higher education act, ...
MSNBC: Loan Wolves
12/25/2022 3:49am
... in the post-conference q&a. 'it's outrageous,' he said, 'that other people get to declare bankruptcy, but students can't.' this was exciting. with real momentum on the bankruptcy issue, it was time to speak with the man himself, ...
MSNBC: Loan Wolves
12/25/2022 3:48am
... - yeah. i asked him about bankruptcy. do you know about this bill that durbin's got that, like, cornyn and hawley are on right now? and he didn't seem to fully be aware of the bill. - well, listen. he seemed very amenable. ...
MSNBC: Loan Wolves
12/25/2022 3:47am
... so that's got a bipartisan-- - yeah, thanks. - okay, terrific. - thanks again. appreciate it. - i'll email your staff about the bankruptcy thing. - yeah, thank you. - sir? _ ...
MSNBC: Loan Wolves
12/25/2022 3:47am
... - yeah. thank you so much for your time. - okay. let's take this off. - appreciate it. - i'm running late for my lunch. - so senator durbin has this bill that would reverse that provision. so now, you would be able to get rid of that debt through bankruptcy. - yeah. - and senators cornyn and hawley ...
MSNBC: Loan Wolves
12/25/2022 3:46am
... passed unanimously. the higher education act, good bill-- at the very last minute, someone snuck in a two-line provision that said you can't discharge your student debt through bankruptcy. - really? - and we found-- - from some bank. - we were trying to figure out where it came from. - who? - it ...
MSNBC: Loan Wolves
12/25/2022 3:46am
... had bipartisan support. senator durbin has a bill that would make it so that student debt can finally be discharged through bankruptcy the way every other-- if you're delinquent on your income taxes-- - you know, the debt-- the debt-- the deck is stacked against the kids, against the students. ...
MSNBC: Loan Wolves
12/25/2022 3:39am
... without encouraging strategic bankruptcy. - uh, there's a ten-year waiting period, which is not perfect, but that is where the solution to this problem begins. - so now that the bill had bipartisan support, ...
MSNBC: Loan Wolves
12/25/2022 3:39am
... the fresh start through bankruptcy act will provide an important-- important relief to students. - our bill would restore the ability of student loan borrowers to discharge federal student loans after a waiting period of ten years. - this ten-year window would help students ...
MSNBC: Loan Wolves
12/25/2022 3:38am
... the fresh start through bankruptcy act. this is an issue that i have dealt with for a long time. - i'm gonna take you to my favorite coffee shop. - oh, cool. i check back in with alan on this latest development that could finally end his 17-year pursuit. ...
MSNBC: Loan Wolves
12/25/2022 3:38am
... unless you're rich, is with a loan. - yeah. - meanwhile, as the cancellation discussion heated up, senator durbin finally seemed to be making progress on his bill to restore bankruptcy protections. - so i look forward to working with my colleagues across the aisle to pass ...
MSNBC: Loan Wolves
12/25/2022 3:30am
... [inquisitive music] and so i think it works. - i had met the man behind the bankruptcy rule, and he was not backing down. - i still believe that the-- the right incentive is to say, there's a safeguard here. but you have a major responsibility ...
MSNBC: Loan Wolves
12/25/2022 3:29am
... - right. look, we have pretty much dischargeability for bankruptcy for almost any debt you could have. you and i can go to vegas tonight, and maybe we should, lose $10 million, and then we have a chance to discharge it through bankruptcy. the one exception is people with student loan debt ...
MSNBC: Loan Wolves
12/25/2022 3:29am
... the loan in bankruptcy. - okay. but do you believe in bankruptcy in general, just as a general-- - sure. - i mean, it sounds like you-- - sure. i do. no. i believe in bankruptcy as a general provision for people who really get hammered, give them a chance to start over. ...
MSNBC: Loan Wolves
12/25/2022 3:28am
... but given not what the intention was, but what the result has been 20 years in, does that give you some pause and make you think maybe it is worth, you know, reopening that option for bankruptcy? - no. _ ...
MSNBC: Loan Wolves
12/25/2022 3:27am
... - got it. so it's 20 years since the 1998 higher ed reauthorization act. - yeah. - and the bankruptcy provision, in particular-- how much time have you spent reflecting on that decision that you guys made back then? ...
MSNBC: Loan Wolves
12/25/2022 3:26am
... talking to the congressional staffers from the time with respect, specifically, to the provision that barred student loans from being discharged through bankruptcy-- - sure. - what they said essentially happened is that there were a number of programs that people wanted. and so they went to the ...
MSNBC: Loan Wolves
12/25/2022 3:20am
... on something else. - i see. - so it wasn't to drive this policy. it was, they were looking for money to pay for the bill. one of the places they go for ideas is the clinton administration. it turns out, the clinton administration actually included this bankruptcy change in their recommendations ...
MSNBC: Loan Wolves
12/25/2022 3:18am
... - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, convenient tools instead. - let's say you win the lottery, maybe just pay your loans off. ...
MSNBC: Loan Wolves
12/25/2022 3:17am
... - my name is jamienne studley. and in 1998, i was acting general counsel of the u.s. department of education. - maybe jamienne could point me in the right direction. the 1998 higher education act made it so that federal loans were non-dischargeable in bankruptcy. ...
MSNBC: Loan Wolves
12/25/2022 3:16am
... making student loan debts non-dischargeable in bankruptcy. college student loan is with you for a lifetime. we need to restore dischargeability in bankruptcy for student loans once and for all. - senator durbin even introduced a bill to fix the bankruptcy laws. ...