Megan it was a pleasure meeting you today. I appreciate the thoroughness and compassion shown towards me today. You were very personable. Tell Mr. Sader his personal touch will keep him being successful because I was blown away!!!!!!! -Vanessa P
KANSAS CITY, Mo., Aug. 20, 2013 /PRNewswire/ — The United States Bankruptcy Court for the Western District of Missouri entered an Order on May 29, 2013 approving a settlement for a Missouri woman owing more than $400,000.00 in student loans. Per the settlement the woman is entitled to receive a bankruptcy discharge of up to $325,000.00 of student loans. The holders of the student loan debt were Suntrust Bank and Educational Management Corp. Our client agreed to a repayment schedule of approximately 25% of the balance over a ten (10) year period of time. Upon successful completion of the partial repayment, the entire balance will be discharged. Neil Sader and Megan Dennis of The Sader Law Firm represented this client. Sader stated, “While student loans generally are not dischargeable in bankruptcy, there is a hardship provision which can be used in certain deserving circumstances.” The client in this case was…
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She Had Owed More than $400,000 By Nancy Hull Rigdon, Special to Missouri Lawyers Weekly A 50-year-old woman who owed more than $400,000 in student loans settled the debt for $150,000, with the possibility of getting out for less with consistent monthly payments. This debt was destroying her life and her ability to function, and that is what bankruptcy is for, said attorney Neil Sader, who represented the woman in her suit against Suntrust Bank and Educational Credit Management Corp. The parties agreed to discharge the debt for either $150,000 or $78,607 if she pays $750 per month for up to 10 years, according to a U.S. Bankruptcy Court for the Western District of Missouri order of judgment from Judge Cynthia Norton. Larry Bork, of Goodell Stratton Edmonds & Palmer, in Topeka, Kan., represented Suntrust Bank and Educational Credit Management Corp. and declined to comment. On July 30, 2012, the…
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