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Consumer Files Their Own Bankruptcy Case and Eliminates Their Navient Student Loans

Thomas Lathrop filed his own bankruptcy Adversary Proceeding to get his Navient private student loans discharged in bankruptcy. Mr. Lathrop pursued a strategy I’ve been talking about for sometime. The fact he did this himself is amazing. Not an approach I generally recommend but he belted this one out of the park. He spotted the …

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I Went to a Scam School and Now I Have Private Student Loan Problems

Question: Dear Steve, I got suckered into a month long school that promised a job as a finance manager at a dealership upon graduation. They had all kinds of people working there with a background in dealership management, so I never thought to ask an F&I manager. Once I graduated, I walked into a dealership …

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How Can I Repay My Sallie Mae Student Loans When I’m Broke?

“Dear Steve, I have 8 private tuition answer loans from Sallie Mae in the total amount of $138,000 taken out between 2004-2008. After school I was able to make some payments and paid the $150 forbearance fee. Then after the crash of the economy I have not found employment that would give me enough income …

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Is It True My Sallie Mae Student Loan Could Have Been Discharged in Bankruptcy? – David

“Dear Steve, I filed Ch 7 in 2008 and had federal & private student loans. For the student loans in question, I took out federal loans (from Sallie Mae) that paid for the full cost of attendance. These loans are now in a repayment status. I also took out private loans (from Sallie Mae). these …

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