8th Circuit: Attorney Can’t Discharge $360,000 Student Loan Debt
He garnered some sympathy from two lower courts, but an 8th Circuit panel isn't letting a Minnesota lawyer off the hook from repaying his massive student loan debt. The panel reversed a bankruptcy court and a district court and found that attorney Mark Allen Jesperson could not discharge more than $360,000 in student loan debt in a Chapter 7 proceeding. The appeals court on Wednesday determined that Jesperson's "self-imposed limitations," which resulted in $48,000 in gross income, were no excuse for nonpayment.
