A federal court of appeals recently ruled that private student loans issued by Navient Corporation and not guaranteed by the federal government were discharged by the students’ bankruptcy cases. The Court’s ruling allows students who had taken out private loans from Navient which were not government insured or government guaranteed to pursue claims against Navient based on its collection of those loans after their bankruptcy cases.
Navient is the largest servicer of student loans in the U.S., and students who took out non-federally guaranteed or insured educational loans from Navient and subsequently filed bankruptcy are now in a position to seek relief from Navient based upon its efforts to collect those loans after their bankruptcy cases.
Class action lawsuits allow groups of people who have been similarly damaged to pursue claims that may not be big enough to pursue in separate, individual lawsuits. If you have a student loan with Navient and have filed bankruptcy, contact us. Our class action attorneys would like to gather information and can advise you of your legal rights and options.