A student loan giant has agreed to suspend collection activities on the debt of certain borrowers who filed for bankruptcy, providing at least temporary relief for potentially thousands of people and signaling that there may be a viable path to discharging some student debts in bankruptcy. As part of an ongoing class-action lawsuit filed against student loan servicer Navient, the company has …
Bernstein Litowitz Berger & Grossmann LLP have announced a proposed settlement in a securities class action with the EZCORP Inc. In a securities class action involving Automotive Machinists Pension Trust against EZCORP Inc., a small-dollar lender, AMPT has proposed settlement of the action for $5.9 million in cash. If approved, it will resolve all claims in the class action, a news …
Orlando-based KEL law firm routinely allowed its clients to pay bankruptcy legal fees using credit cards, a violation of bankruptcy law, according to a new lawsuit filed against the firm. Credit card purchases are basically new debts, and new debts are prohibited in the days before filing a bankruptcy, and during the bankruptcy process. That’s because bankruptcy courts often erase any credit…