Discuss the problem-exceptions to discharge

Assignment Help Business Law and Ethics
Reference no: EM131660306

Question: Exceptions to Discharge. Between 1988 and 1992, Lorna Nys took out thirteen student loans, totaling about $30,000, to finance an associate of arts degree in drafting from the College of the Redwoods and a bachelor of arts degree from Humboldt State University (HSU) in California. In 1996, Nys began working at HSU as a drafting technician. As a "Drafter II," the highest-paying drafting position at HSU, Nys's gross income in 2002 was $40,244. She was fifty-one years old, Her net monthly income was $2,299.33, and she had $2,295.05 in monthly expenses, including saving $140 for her retirement, which she planned for age sixty-five. When Educational Credit Management Corp. (ECMC) began to collect payments on Nys's student loans, she filed a Chapter 7 petition in a federal bankruptcy court, seeking a discharge of the loans. ECMC argued that Nys did not show any "additional circumstances" that would impede her ability to repay. What is the standard for the discharge of student loans under Chapter 7? Does Nys meet that standard? Why or why not? [In re Nys, 446 F.3d 938 (9th Cir. 2006)]

Reference no: EM131660306

Questions Cloud

Show sums of line totals for each invoice : Write SQL statements to answer the following questions - Show sums of line totals for each invoice. Find the customers whose balance is greater than 200
How to filed a petition in bankruptcy : James Stout, a professor of economics and business at Cornell College in Mount Vernon, Iowa, filed a petition in bankruptcy, seeking to discharge about $95,000.
Network architecture that allows users : Design a "Simple" network architecture that allows users in the untrusted domain to communicate with systems in the trusted domain employing
Computes and returns the sum of all numbers : Write static recursive function named "sum" that computes and returns the sum of all numbers from 1 to n (where n can be assumed to be is positive).
Discuss the problem-exceptions to discharge : Exceptions to Discharge. Between 1988 and 1992, Lorna Nys took out thirteen student loans, totaling about $30,000, to finance an associate of arts degree.
Security breach discussion : Read the following scenario below. Once finished reading, follow the discussion question instructions.
Aims to explore standardized terminology : This week aims to explore standardized terminology, While NANDA, NIC, and NOC are among the 13 approved terminologies by the ANA
Compare the three study designs-exploratory : What biases are built into these three research study designs? Provide specific examples to illustrate your points, building on the material covered to date.
Application to customers over the internet : A cloud consumer of a PaaS service who delivers an application on the PaaS and sells access to application to customers over the Internet is acting

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Review briefly the characteristics of forward contracts

Review briefly the characteristics of forward contracts?. How do forward contracts enable Lufthansa to hedge their transaction exposure in the Boeing 737 imports? How would the foreign exchange market have to move for the forward contract hedge to..

  Write the response about the ethics in data collection

Write the response about the ethics in data collection

  Define way criminal justice system might address interracial

An explanation of whether or not there is a continued need for the criminal justice system to have mechanisms in place to ensure representation of racial and ethnic minorities in criminal justice professions. Then explain one way the criminal just..

  Explain the implications and limitations of the research

For this Discussion, explain the research problem, limitations and implications of the research article you read in Discussion Board 1 on changing demographics and urbanization on crime.

  Be sure to review the guidelines section for specifics

the purpose of the laws420 course project is to provide you with a practical view of the ethical dilemmas that you are

  Why value based leadership important to influence of culture

Why is values-based leadership so important to the influence of culture? -Does a symbolic act communicate more about company values than an explicit statement? Discuss.

  What decision in the action to recover the painting

The administrator in turn brought an action against Jimmy, seeking the return of the Picasso.- What decision in the action on the note?- What decision in the action to recover the painting?

  What types of social responsibilities that business have

What are the four types of social responsibilities that businesses have? Discuss the ethical pros and cons of doing business with a sweatshop in a developing nation.

  Describe the methods to properly identify a unknown decedent

List eight (8) body parts that can be used for accurate identification of a decedent and explain how they are used. Do any of them come as a surprise to you? Be sure to support your opinions with credible research and to cite and reference your s..

  Identify the key features of the affordable care act

Identify the key features of the Affordable Care Act in the United States as well as the key features of healthcare proposals or systems in one other country.

  What are the five basic freedoms guaranteed

What are the five basic freedoms guaranteed within the first amendment

  Trends in criminal justice administration

Did this course meet your expectations? What did you like the best about this course? What suggestions can you offer to improve this course? What do you think future trends in criminal justice administration will look like

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd