The Supreme Court on Monday turned away an appeal that sought to make it easier to erase student loans in bankruptcy, sidestepping an issue that has become a focal point for consumer advocates and lawmakers as millions of borrowers fall behind on their payments, Dow Jones Daily Bankruptcy Review reported today. The court, in a brief written order, said that it wouldn't consider an appeal by an unemployed Wisconsin man who owes more than $260,000 in student-loan debt from business and law school. Mark Tetzlaff said in court papers his alcoholism, depression and criminal record have prevented him from finding a job and repaying his debt. He also twice failed the bar exam. Read more. (Subscription required.)
To read more about bankruptcy and student loan debt, be sure to pick up a copy of ABI’s Graduating with Debt: Student Loans under the Bankruptcy Code.
