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
Crypto, AI, and AIPAC Super PACs Are Spending in Lockstep Against Progressives
Take Action Now Unprecedented sums are being spent on Democratic primaries, reshaping races while keeping their policy agendas largely out of public…
Don’t Look Away from Cuba
Take Action Now The indictment of Raul Castro is the latest in a string of escalations aimed at building pretext for a U.S. invasion of the island…
House Democrats are Finally Shifting on Israel. Party Leaders Must Listen
Take Action Now More than 100 Democratic lawmakers voted against arms for Israel. They’re listening to the people – their bosses are behindBy…
Mamdani Says He Is Examining Whether His Government Can Arrest Netanyahu During NYC Visit
Take Action Now The mayor said he is in “an active conversation with our legal department” on the matter.By Julia Conley, Common Dreams In a…