Student Loans Through a Concise History of Bankruptcy Amendments

Student Loans Through a Concise History of Bankruptcy Amendments

The student loan exception to discharge has a fairly short, but interesting, history. Congress first established the Guaranteed Student LoanProgram under the auspices of the Higher Education Act of 1965. Designed to meet “the challenge of keeping the college door open to all students of ability. . . .”, the Program guaranteed federally-backed, low-interest loans to qualifying students. S.Rep. No. 89-673 (1965), reprinted in 1965 U.S.C.C.A.N. 4027, 4055.

Rental History Useful for Rebuilding Credit

By | Texas Bankruptcy Blog | October 17, 2014
Rental History Useful for Rebuilding Credit

The average American’s FICO credit score hit an all-time high this past April, nosing in at 692. FICO scores range from 300 to 850. Although judgment of credit scores is often in the eye of the beholder, anything between 700 and 749 is considered a good score, with the best scores ranging 750 and higher.

In Asarco Case, Supreme Court Will Decide Whether Fees and Costs Incurred Defending Fee Applications Are Compensable

In Asarco Case, Supreme Court Will Decide Whether Fees and Costs Incurred Defending Fee Applications Are Compensable

Late last week the Supreme Court granted certiorari in the case of Baker Botts L.L.P., et al. v. Asarco, LLC to review the Fifth Circuit’s determination that section 330(a) of the Bankruptcy Code does not authorize compensation for the fees and costs counsel incur defending their fee applications in bankruptcy court.