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What’s New in the Law?

Employees Entitled to Bankruptcy Heads Up & Job Security

Employees in California are newly entitled to a 15-day heads up of a utility’s bankruptcy filing, as well as job security for at least 6 months after the filing.  PG&E Corp. was prompted to disclose its intent to file for chapter 11 by a new California law that includes this novel provision requiring a 15 day warning to employees…

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New Student Loan Consumer Group is Taking Initiative

A new student loan consumer watchdog group is taking initiative to help and protect student borrowers in the absence of government action.  This non-profit consumer group is led by people who quit the Trump administration Consumer Financial Protection Bureau and hope to serve as a check on the student loan industry.  Known as the Student Borrower Protection…

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ITT Tech Student Loans Settle in Bankruptcy versus other Government Loans

ITT Tech student loans settle in bankruptcy and will be paid out assuming that ITT’s bankruptcy estate has sufficient funds. The settlement that will erase nearly $600 million that 750,000 students owed ITT Technical Institute. The agreement will also refund $3 million that students paid the for-profit chain. The students asserted a $1.5 billion claim…

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Update: Attention Brides! David’s Bridal has filed for Chapter 11 Bankruptcy

A Chapter 11 bankruptcy case has been filed in Delaware by Conshohocken PA based wedding gown retailer David’s Bridal Inc.  A Chapter 11 plan was filed with its Chapter 11 petition, so that this “pre-packaged bankruptcy case” should go through a speedier approval process than a regular bankruptcy case, as all major creditors have already agreed…

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WBLA’s Inaugural Trek to NY Law Firms!

I am so excited to help launch the Wharton Business Law Association’s first trek to visit New York law firms! Thanks and kudos to my sister network Women Owned Law hostess attorneys — Wendy Schwartz of Binder & Schwartz, Nancy Mertzel of Mertzel Law PLLC and Helene Pangalos of The Law Office of Helene Pangalos —…

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Hope is brewing for student loan borrowers in Bankruptcy Court!

Bankruptcy Judges are increasingly willing to modify or cancel bankruptcy debtors’ student loans per pre-1976 law and policy, as they see their families and law clerks struggle with mounting student debt that exponentially grows over time due to interest and other forbearance measures.  For more information, please free to contact us, and for an excellent…

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Tips on Defending Student Loan “Robo” Lawsuits

Student loan collections lawsuits are taking on the same “Robo” characteristics as the flawed mortgage collection suits that are filed with no valid legal or factual basis against borrowers.  This recent NYT article highlights 5 basic defenses that can be mounted based on a flawed evidentiary or procedural basis. https://www.nytimes.com/2017/11/14/business/dealbook/student-loan-collection-flaws.html?smid=li-share&_r=0

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