Corinthian Bankruptcy

Corinthian College Bankruptcy Sheds Light on Student Loan Hypocrisy

Michael Lux Bankruptcy, Blog, News, Student Loans 1 Comment

This week it was revealed that Corinthian College would be filing for Chapter 11 bankruptcy protection.  This comes shortly after the announcement that Corinthian would be closing down its remaining 28 campuses. For those not familiar with Corinthian, it is a for-profit company that operated numerous colleges.  It recently became …

state of the union 2015 student loans

Student Loan Bankruptcy and the Fairness for Struggling Students Act of 2015

Michael Lux Bankruptcy, Blog, News, Student Loans 3 Comments

This week 13 Democratic Senators announced a bill to bring bankruptcy back to the world of student loans.  While this announcement comes on the heels of President Obama’s Student Aid Bill of Rights announcement, it is a much bigger step than the President was willing to take. The Senate Bill, called …