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
In ‘Victory for Voters,’ Supreme Court Rejects Trump-GOP Attack on Mailed Ballots
Take Action Now “At a time when the Roberts Court has too often made it harder for Americans to exercise their rights, today’s decision is an…
Billionaire Wealth Tax Headed to the California Ballot
Take Action Now Gov. Gavin Newsom, who opposes the tax, tried to intimidate proponents into pulling the measure. It didn’t work.By David Dayen,…
The World Cup is undressing the myth of Trump’s American homogeneity
Take Action Now The 2026 World Cup has become a rebuke to Trump’s homogeneous vision of America, revealing a tournament – and a US team – shaped by…
The Fight Against AI Data Centers Is the Newest Frontier of Global Class Warfare
Take Action Now AI is deepening worldwide webs of accumulation, ushering in new class and power relations.By William I. Robinson, Truthout The…