Sentences with phrase «partially discharge a debt»

[xxi] These figures are consistent with the Fecek opinion, since the Fecek court was willing to partially discharge a debt where there was little to no chance the debtor would ever have the ability to repay.

Not exact matches

There are certain debts you can fully discharge in Chapter 7 or partially discharge in Chapter 13.

The court noted that courts have the authority to discharge student loan debt only partially, but remanded the case for a more thorough analysis of whether the 401 (k) contribution was «necessary.»

However, even though decisions like Fecek demonstrate that courts may be willing to allow a debtor (even one with a good salary) to at least partially discharge his student loan debt, they does not provide a windfall for the debtors because, like the debtor Fecek, the debtor will still have to make sacrifices to make large monthly payments towards the remaining student loan debt.

Recently, the United States Bankruptcy Court for the Southern District of Indiana in In re Fecek, [i] partially discharged a substantial portion a debtor's student loan debt even though the debtor was working full time and earned an income that was above the state median.