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#5523
08-29-2023, 06:21 PM
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Point is, in the United States we have a principle of standing in Stark contrast to the debtor's prisons which existed in historic Europe, and reified the concept of debt-slavery.
I don't think student loans should be forgiven carte blanc, but if someone is filing for bankruptcy, student loans shouldn't have special laws which make them exempt from discharge in a bankruptcy proceeding. In a bankruptcy proceeding assets are liquidated to pay creditors what can be recovered and the remainder of the debt is discharged so as not to place the debtor in a position which likely ensures repeated bankruptcies. The only other debts which cannot be discharged in a bankruptcy are certain kinds of back taxes and fines, typically in which the cause is tax fraud or tax evasion assessments, child support and alimony, and restitution for criminal convictions of malicious assault with intent to cause grievous bodily harm. Student loan debt does not equivocate itself in comparison to the rest of the field of discharge exemption. | ||
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#5524
08-29-2023, 06:26 PM
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This means, if someone meets the qualifications of a continued undue hardship caused by the continuance of these loans in an official bankruptcy proceeding, than they should be discharged.
We live in a highly nepotistic society; it's not what you know; it's who you know. As such, since this society fails to be purely meritocratic the concept that the education received in the process of requiring student loans cannot be directly translated to either opportunity or earning potential to justify possession of the knowledge itself, as an infungible asset. Therefore, without the bullshit changes to the law some 20 years ago, the determination of the student loan obligation should be made based upon each individual's actualized income history, and a conservative income forecast. | ||
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Last edited by Landroval; 08-29-2023 at 06:31 PM..
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#5526
08-29-2023, 06:37 PM
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Quote:
I'm not arguing with you about retarded hyperboles, Goomba. If you don't like your loan obligation for your house and your renovation, zero out in a bankruptcy proceeding; at least you can. We're talking about bankruptcy law here, dumbass; not "should everyone with student loans get free money?". That's irrelevant to the discussion. Ironically, prior to 1998, this was how student loans already worked. If you got zeroed out in a bankruptcy, you got zeroed out. The reason why Biden's bill was deemed unconstitutional is because it was never meant to actually resolve the issue. The issue is, the categorization of student loan debt as "exempt from discharge", needs to be repealed. The Bankruptcy Abuse Prevention and Consumer Protection Act, and the 1998 Higher Education Amendments Act need to be repealed, applying an Oprah prize of 20k is what got struck down; he never intended to actually address the issue, directly, and never will, no one in the establishment even wants to. We're talking about a bunch of greedy ass government Jews on both sides of the aisle here, why would they? Actually resolving the issue by repositioning the debt class of student loans back to where they were classed before is the last thing (either party of) the Jew wants. So they keep you here arguing over red herrings, while the commie Jew says "muh capitalism". It's Jewry all around, when the solution is actually much simpler; repeal those two acts. | |||
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Last edited by Landroval; 08-29-2023 at 07:04 PM..
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#5527
08-29-2023, 07:04 PM
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Quote:
__________________
God Bless Texas
Free Iran | |||
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#5528
08-29-2023, 07:05 PM
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Quote:
__________________
God Bless Texas
Free Iran | |||
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#5529
08-29-2023, 07:07 PM
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Quote:
__________________
God Bless Texas
Free Iran | |||
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#5530
08-29-2023, 07:09 PM
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Quote:
__________________
God Bless Texas
Free Iran | |||
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