23
Dec
With the ECMC and you may Alfes’s get across-moves with the thing whether or not integration money was “academic finance” under eleven You
Zero. 11–2159.
Thomas J. Alfes appeals brand new area-judge wisdom affirming brand new personal bankruptcy court’s buy granting bottom line wisdom in the like of Informative Borrowing from the bank Government Corporation (ECMC). I AFFIRM.
Anywhere between 1982 and you can 1997, Alfes took away student loans funded in whole or even in part by the Federal Family Education loan System (FFELP). Alfes consolidated his pupil-mortgage obligations and you will, to the latest consolidation, SunTrust Financial (SunTrust) is actually the lender and you will obligee for the consolidated note (Note) and the Pennsylvania Advanced schooling Advice Service (PHEAA) is actually brand new guarantor. Alfes submitted good petition to possess relief lower than Chapter 7 of your own Bankruptcy Code inside , and the personal bankruptcy court registered a general release of Alfes’s debts towards the .
Subsequently, Alfes initiated an adversary proceeding seeking to an affirmation your financial obligation in Note had been released, naming one another SunTrust and you can PHEAA just like the defendants.
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