The president created draconian bankruptcy laws — now his administration appears to be trying to overturn a ruling that helps those bankrupted by student loans.
By Julia Rock, Andrew Perez, and Walker Bragman, The Daily Poster
Despite increasing pressure to fulfill a campaign promise to forgive student debt, President Joe Biden is now going in the opposite direction: His administration has taken an initial step to try to overturn a key legal victory for borrowers, according to court filings reviewed by The Daily Poster.
If the administration wins an appeal, it could bolster a legal precedent against millions of debtors being crushed by bankruptcy laws that Biden infamously helped his finance industry donors sculpt during his four decades in Washington.
On January 14, a federal judge in Biden’s home state of Delaware moved to eliminate nearly $100,000 in student loan debt held by a 35-year-old epileptic man. In response, the Justice Department filed a notice of appeal in the case on behalf of Education Secretary Miguel Cardona.
If Biden officials now follow through with a fully formed appeal, they would not only be aiming to keep this man overwhelmed with debt, but also moving to solidify a legal interpretation that could preclude even the most beleaguered student debtors from getting relief through bankruptcy courts.
Recent Posts
Hamas: The Enemy Israel Cannot Afford To Lose
Take Action Now Four decades of rising homelessness has led many to seek alternative explanations. The most common blames homelessness on drug…
New Book Details How U.S. Normalized Homelessness
Take Action Now Four decades of rising homelessness has led many to seek alternative explanations. The most common blames homelessness on drug…
Trump Says New Iran Deal Must Allow U.S. To ‘Blow Up Whatever We Want’
Take Action Now A senior Iranian adviser said the proposal would amount to “submission and surrender”By Will Porter, AntiWar.com President Donald…
Senators Call On DOJ To Investigate Potential DOGE Conflicts Of Interest After ProPublica Report
Take Action Now Citing ProPublica’s reporting on the Consumer Financial Protection Bureau, Democratic senators argued that the potential conflicts…