July 28, 2023
A nearly $200 million repayment deal for thousands of Navient Corp. student loan customers stuck with bills despite bankruptcy discharges won preliminary approval in New York on Friday, with a case-saving leap to a U.S. district court now in the works.
July 24, 2023
A class of student loan borrowers reached a settlement with servicer Navient Solutions LLC in New York bankruptcy court that will provide nearly $200 million in debt forgiveness and payment reimbursement, resolving a long-running legal dispute over collection efforts for loans discharged in bankruptcy.
October 21, 2022
Navient Solutions is appealing a nationwide injunction barring it from collecting on certain student loans discharged through bankruptcy, Mallinckrodt creditors are suing for the return of $1.6 billion used to buy back shares pre-bankruptcy, and liquidators for crypto hedge fund Three Arrows Capital want to serve subpoenas via Twitter. This is the week in bankruptcy.
October 20, 2022
Student loan servicer Navient Solutions LLC appealed a New York bankruptcy court's ruling barring the company from pursuing collections on outstanding private student loans against borrowers who completed Chapter 7 bankruptcies, sending the issue to the federal district court.