CIT Bank Student Loan Discharged in Bankruptcy

A little more information trickled out about a recent private student loan discharge in a bankruptcy Adversary Proceeding.

The loans involved the Coronado Student Loan Trust which I’ve written about before.

In the final court document, it is disclosed that DBRS, Inc. was doing business as FCDP PSL Trust but the loans in question were originally labeled as belonging to CIT Bank.

The unpaid student loan with a balance of $136,108 was agreed to be dischargeable in bankruptcy. The ultimate defendant was said to be Coronado Student Loan
Trust 2018-3 PSL SLX.

So as you can see, some private student loans are actually eliminated in a bankruptcy filing.

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Steve Rhode
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