Holzer v. Wachovia Services, Inc. (In Re Holzer)

33 B.R. 627, 1983 Bankr. LEXIS 5336, 11 Bankr. Ct. Dec. (CRR) 619
CourtUnited States Bankruptcy Court, S.D. New York
DecidedSeptember 27, 1983
Docket19-35345
StatusPublished
Cited by27 cases

This text of 33 B.R. 627 (Holzer v. Wachovia Services, Inc. (In Re Holzer)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Holzer v. Wachovia Services, Inc. (In Re Holzer), 33 B.R. 627, 1983 Bankr. LEXIS 5336, 11 Bankr. Ct. Dec. (CRR) 619 (N.Y. 1983).

Opinion

DECISION ON COMPLAINT TO DETERMINE DISCHARGEABILITY OF STUDENT LOAN DEBTS UNDER 11 U.S.C. § 523(a)(8)(B) FOR “UNDUE HARDSHIP”

JEREMIAH E. BERK, Bankruptcy Judge.

The instant adversary proceeding commenced by the debtor-plaintiff pursuant to § 523(a)(8)(B) of the Bankruptcy Reform Act of 1978 (Code), seeks to discharge student loan debts owed to defendant, New York State Higher Education Services Corporation (NYSHESC), 1 on the ground that excepting such debts from discharge would impose an “undue hardship” on the debtor and his dependents. Upon the pleadings, pre-trial stipulations, memoranda of law and testimony adduced at trial, the Court is unable to find “undue hardship” within the meaning of § 523(a)(8)(B).

FINDINGS OF FACT

1. Plaintiff, STANLEY HOLZER, received New York State guaranteed student loans for each of the years 1974 through 1978 totalling $14,500 in order to attend medical school at the University of Granada, Spain. He graduated medical school in December 1981 receiving a Licenciado en Medicina y Cirugía diploma. Defendant NYSHESC purchased the student loans pursuant to its guarantee on September 23, 1982 after default.

2. Loan History. Plaintiff has made no payments on these student loans. He filed a voluntary petition under Chapter 7 of the Bankruptcy Code, 11 U.S.C. § 701 et seq., on August 16, 1982. It appears these loans became payable on or about that time, approximately nine months after October, 1981, when plaintiff ceased to be a full-time student. The student loans were the only debts listed in plaintiff’s Chapter 7 schedule of liabilities. It is uncontroverted that plaintiff’s sole purpose in taking bankruptcy was to obtain a discharge from his student loan indebtedness. At no time has he sought a repayment deferment based upon his financial difficulties.

3. Education and Employment History. Plaintiff received a Bachelor of Science degree from the Brooklyn College of Pharmacy of Long Island University in August, 1959. In August, 1961 he became a New York State licensed pharmacist and in June, 1962 also obtained a pharmacist’s license from the Commonwealth of Pennsylvania. Between 1957 and 1962 plaintiff was employed primarily as a pharmacist. At the present time he possesses valid New York and Pennsylvania pharmacist’s licenses.

*629 From September, 1962 to February, 1970, plaintiff was employed as a teacher of library science at a New York City high school and then at a high school in Orange County, New York. In December, 1970, he received a Master’s Degree in Library Science from Long Island University. Plaintiff is currently licensed as a New York State teacher, his New York City certification having expired.

Between February, 1970 and May, 1971 plaintiff was again employed as a pharmacist. In May, 1972, after having been unemployed for almost one year, he visited Spain where he enrolled in and completed several courses which were required prior to his enrollment in medical school. In June, 1972, plaintiff returned to Orange County, New York, where he was employed as a pharmacist until September, 1973. He then returned to Spain to embark upon his formal medical school education at the University of Granada. Between September, 1973 and October, 1981 plaintiff was a full-time medical student residing in Spain. He returned to Orange County, New York in January, 1982 after having received his medical degree.

4. Health. Plaintiff is 47 years old and is in good health. He has no physical or mental infirmities which would interfere with gainful employment.

5. Marital Status and Dependents. Plaintiff is married and has one child. Both his wife and child reside in Spain and are not dependent on him. His contact with them is limited to letters and occasional telephone calls. Plaintiff now resides with his mother in a two-bedroom apartment at Newburgh, New York. His mother is not dependent on him.

6. Assets. At the time of trial, plaintiff had no assets of substantial value. He owns two automobiles, a 1966 Chevrolet Bel Air and a 1968 Chevrolet Impala.

7. Employment, Income and Expenses. Plaintiff has been unemployed since returning to this country in January, 1982. Plaintiff’s approximate monthly expenses are:

Rent $352.00
Utilities $ 30.00
Food $ 64.00
Clothing $ 15.00
Miscellaneous $ 25.00
Total: $486.00

Plaintiff has no income. His monthly expenses are paid by his mother from her social security and food stamp benefits. He is not eligible to receive unemployment insurance and is in the process of applying for New York State public assistance benefits.

Plaintiff’s medical degree from Spain does not confer the right to practice medicine. In order to become a licensed physician he would have to pass a certification examination given by the Educational Council for Foreign Medical Graduates (E.C.F.M.G.), secure and complete postgraduate hospital training and, finally, pass the New York State licensing exam. He alleges that he does not have sufficient funds to pay the cost of either an E.C.F. M.G. refresher course or the examination fees.

Plaintiff has, since January, 1982, sought employment in the fields of medicine, teaching, library science and pharmacology. He has not sought employment in other areas. He contends that, despite his academic and professional credentials, he is unable to obtain employment in the fields for which he is trained and has no prospects of obtaining such employment in the future.

DISCUSSION

The dischargeability of student loan indebtedness is governed by Bankruptcy Code § 523(a)(8), 11 U.S.C. § 523(a)(8), which provides:

§ 523. Exceptions to discharge.
(a) A discharge under section 727,1141, or 1328(b) of this title does not discharge an individual debtor from any debt—
(8) for an educational loan made, insured, or guaranteed by a governmental unit, or made under any program funded in whole or in part by a govern *630 mental unit or a non-profit institution of higher education, unless—
(A) such loan first became due before five years (exclusive of any applicable suspension of the repayment period) before the date of the filing of the petition; or
(B) excepting such debt from discharge under this paragraph will impose an undue hardship on the debtor and the debtor’s dependents; ...

Under § 523(a)(8)(B) the debtor-plaintiff has the burden of proof by a fair preponderance of the evidence that he would suffer an “undue hardship” if the loan were excepted from discharge. See In re Nor man, 25 B.R.

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Cite This Page — Counsel Stack

Bluebook (online)
33 B.R. 627, 1983 Bankr. LEXIS 5336, 11 Bankr. Ct. Dec. (CRR) 619, Counsel Stack Legal Research, https://law.counselstack.com/opinion/holzer-v-wachovia-services-inc-in-re-holzer-nysb-1983.