loan default
Trump Administration Delays Student Loan Wage Garnishment Amidst Reform Efforts
The Trump administration’s Education Department has paused wage garnishments and involuntary collections for defaulted student loan borrowers, citing ongoing reforms to the ‘broken’ loan system and the implementation of new repayment plans. The move has drawn both praise from advocacy…
Suffolk Construction Pushes Involuntary Bankruptcy Amid $183M San Jose Tower Default
Suffolk Construction has initiated an involuntary Chapter 7 bankruptcy against the owners of The Fay, a recently opened San Jose residential tower, after the developers defaulted on a $182.5 million loan. The move highlights deepening challenges in downtown San Jose’s…