Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Like many students Hann financed her education partially through loans. Hann nanced her education partially through loans. These loans included three federally insured Stafford Loans

Like many students Hann financed her education partially through loans. Hann nanced her education partially through loans. These loans included three federally insured Stafford Loans of $7,500 each ($22,500 in total). Hann believed that she had repaid the loans, but when she filed a Chapter 13 petition, Educational Credit Management Corp. (ECMC) fi led an unsecured proof of claim based on the loans. Hann objected. At a hearing at which ECMC failed to appear, Hann submitted correspondence from the lender that indicated the loans had been paid. The court entered an order sustaining Hanns objection. Despite the order, can ECMC resume its effort to collect on Hanns loans? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The General Model Of Working Capital Management

Authors: Rodrigo Zeidan

1st Edition

9811933332, 978-9811933332

More Books

Students also viewed these General Management questions

Question

Were multiple treatments used? Did they interfere with each other?

Answered: 1 week ago

Question

10. What is meant by a feed rate?

Answered: 1 week ago

Question

=+What kind of question would you ask to encourage their response?

Answered: 1 week ago

Question

=+Does it keep the visitor reading?

Answered: 1 week ago