Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Murphy v. Educational Credit Management Corp.

United States District Court, D. Massachusetts

May 21, 2014

ROBERT E. MURPHY
v.
EDUCATIONAL CREDIT MANAGEMENT CORPORATION

Robert E. Murphy, Appellant, Pro se, Duxbury, MA USA.

For Sallie Mae, Inc., Appellee: Richard L. Blumenthal, LEAD ATTORNEY, Silverman & Kudisch PC, Newton Center, MA USA.

U.S. Department of Education, Appellee, Pro se.

For College Board, Appellee: Khang V. Tran, LEAD ATTORNEY, Hogan Lovells U.S. LLP, Washington, DC USA; Nadine Peters, LEAD ATTORNEY, Hogan & Hartson LLP, Washington, DC USA.

For Educational Credit Managment Corporation, Appellee: John F. White, Jr., LEAD ATTORNEY, Lipman & White, Hanover, MA USA.

OPINION

Page 2

MEMORANDUM OF DECISION

RYA W. ZOBEL, UNITED STATES DISTRICTJUDGE.

Robert E. Murphy appeals from the bankruptcy court's judgment that his student loan debt is nondischargeable under 11 U.S.C. § 523(a)(8)(A)(i). The judgment is AFFIRMED.

I. Background

The basic facts are undisputed. Murphy is 63 years old. He is married and lives in good health in Duxbury, Massachusetts. He has been unemployed since 2002. He last worked as president of a corporation, but in 2002, the corporation was sold, its operations were moved overseas, and Murphy's employment was terminated. He has looked for work, without success, since then. He attributes his prolonged unemployment to the shrinking American manufacturing base, his age, his overqualification for some non-executive positions, and the stigma of prolonged unemployment itself.

Murphy financed--at least in part--the college education of his three now-grown children. He took out twelve loans between 2001 and 2007 in the total amount of $220,765. The loans have since been consolidated and are all held by defendant Educational Credit Management Corporation (" ECMC" ). The current balance is approximately $242,697.90. Murphy's children are not responsible for repaying the loans.

Murphy filed an adversary proceeding in the bankruptcy court ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.