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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.
July 10, 2009 at 12:00 AM
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The original version of this story was published on Law.Com
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