In re: Robert Vincent Newman v. Customers Bank and LendKey Technologies, Inc.

United States Bankruptcy Court, E.D. Pennsylvania·Decided September 8, 2026·No. 25-00234·Unknown

Opinion

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF PENNSYLVANIA

IN RE: Robert Vincent Newman, : Chapter 13 : Debtor. : Bky. No. 25-13508 (PMM) : : : Robert Vincent Newman, : : Plaintiff, : : v. : : Adv. No. 25-0234 (PMM) Customers Bank and LendKey Technologies, Inc., : : Defendants. : : __________________________________________: O P I N I O N I. INTRODUCTION Like many professionals, Robert V. Newman (“Mr. Newman” or “the Debtor”) borrowed to pay for his education. Mr. Newman took out two (2) student loans: one (1) from the federal government for approximately $30,000.00 and one (1) from Defendant Customers Bank (serviced by Defendant LendKey Technologies, Inc.) for more than $222,000.00. Asserting that his current and projected income will not allow him to repay the loans without the imposition of an undue hardship, the Debtor filed this Adversary Proceeding seeking to discharge the loan owed to the private lenders pursuant to 11 U.S.C. §523(a)(8).1 Neither the Complaint nor the Amended Complaint elicited a response from either Defendant. The Defendants, in fact, remain silent, despite the fact that Mr. Newman filed and

1 The Debtor does not seek to discharge his federal loan. scheduled a Motion for Default Judgment (the “Motion”). An evidentiary hearing regarding the Motion was held and concluded on May 13, 2026. Only the Debtor participated in the hearing. The uncontested evidence shows that the Debtor would, in fact, suffer an undue hardship if forced to repay his private loan balance. But, as discussed below, the Court determines that a

third option - neither full repayment nor full discharge of the loan - is reasonable under these circumstances. Because the facts show that the Debtor is able to make some but not all of the monthly payments, a partial discharge will be granted. The Debtor must repay $40,000.00 owed to the Defendants; the remainder of the loan will be discharged.

II. PROCEDURAL BACKGROUND The Debtor filed for chapter 13 bankruptcy protection on September 3, 2025. This Adversary Proceeding was filed on November 21, 2025. Despite proper service of the Complaint and Amended Complaint by the Plaintiff, the Defendants did not answer. However, on February 2, 2026, the Court denied the Plaintiff’s initial motion for default judgment because

“the allegations contained in the Complaint, even if accepted as true, do not satisfy the standard in this Circuit for discharging student loan debt.” Doc. #12 at 1. Following this denial, the Plaintiff filed an Amended Complaint, alleging in greater detail that the Plaintiff’s circumstances warrant discharge of his student loan debt pursuant to 11 U.S.C. §523(a)(8). Due to the Defendants’ silence, the Plaintiff again sought default judgment, asserting that the standard for discharge pursuant to the test outlined in Brunner v. New York State Higher Educ. Servs. Corp., 831 F.2d 395 (2d Cir. 1987) was met. Only the Debtor testified at the May 13, 2026 hearing. III. FINDINGS OF FACT Based on the credibility of the witness and upon review of the relevant evidence and case docket, the Court makes the following findings of fact. Background

1. The Debtor was 29 years old at the time of the hearing. Transcript of May 13, 2026 hearing (“Tr.”) at 22. 2. Mr. Newman works as a Health Physicist, controlling the use of radiation, at Temple University Health System. Tr. at 8, 9. 3. The Debtor has worked in this field since 2022 and has been in his current position since 2025. Tr. at 8. Student Loans 4. The Debtor lists two (2) unsecured student loans on his schedule E/F: one to Customers Bank and LendKey in the amount of $222,300.82 (the “Private Loan”) and one to Mohela in the amount of $30,647.86 (the “Federal Loan”).

5. The interest rate on the Private Loan is 5.5%. Schedule E/F. 6. The minimum payment due on the Private Loan is $1,652.74 per month. Doc. #14 7. The term of the Private Loan is approximately 16 to 17 years. Tr. at 6, 22. 8. LendKey, the servicer of the Private Loan for Customers Bank, offered the Debtor a temporary forbearance but will not reduce or change the terms of the loan due to hardship. Tr. at 19, 21. 9. The Debtor has not been able to refinance the Private Loan. Tr. at 19. 10. Mr. Newman did not miss a payment prior to filing for bankruptcy but would have defaulted on the loan if he had not sought bankruptcy protection. Tr. at 19-20. 11. The amount and nature of the Private Loan are sources of great stress for the Debtor. Tr. at 20-22. Chapter 13 Bankruptcy 12. The Debtor’s chapter 13 Plan, confirmed on May 26, 2026, is a 36-month plan, to be

completed in 2029. Doc. #’s 29, 33 in the main case. 13. The Plan calls for the Debtor to pay $175.00 per month to cover attorneys’ fees and the chapter 13 trustee commission. These are the only expenses paid through the chapter 13 Plan. Tr. at 7. 14. Two (2) proofs of claim were filed in the Debtor’s bankruptcy: one (1) by the U.S. Department of Education/ MOHELA for the $30,576.86 Federal Loan, which is being paid through the federal Income-Driven Repayment program, and one (1) by Driveway Finance Corporation, for the Debtor’s 2014 Honda Civic, which is being paid directly to the lender by the Debtor. Tr. at 7; Proof of Claims 1 and 2. 15. Besides his student loans, the Debtor has no unsecured debt.

Job and Income 16. The Debtor works as a Health Physicist at Temple University Health System and earns $70,000.00 per year, which amounts to $5,833.33 gross per month. Tr. at 8, 9. Schedule I. His take-home-pay is approximately $4,150.58 per month. Schedule I, doc. #9 in the main case. 17. The Debtor has worked at his current position at Temple since July 2025. Tr. at 8. 18. Mr. Newman is unsure if and when he will receive a raise at his current position. Tr. at 9. 19. The upper pay range for the Debtor’s job is $85,000.00. Tr. at 9. In order to earn more than this, the Debtor would have to pursue a master’s degree in health physics. Tr. at 12. 20. The Debtor’s previous position paid $64,000.00 per year. Tr. at 9. 21. Mr. Newman has worked in this field since 2022 and plans to continue in the field. Tr. at 8, 12. 22. The Debtor studied physics and considers his current profession to be “within [his] field.”

Tr. at 9. Expenses 23. The Debtor’s monthly expenses amount to $3,974.33. Amended Schedule J. 24. This amount includes a payment on the federal student loan and a $500.00 monthly payment to counsel who represents the Debtor in this Adversary Proceeding. 25. The Debtor lives with his partner in a two (2) bedroom, one (1) bathroom townhouse and pays $650.00 per month in rent (which is less than half of the $1,700.00 rent). Tr. at 13, 16- 18.2 26. Mr. Newman pays approximately $150.00 per month for utilities and internet and $450.00 to $500.00 for groceries. Tr. at 13, 15.

27. The Debtor’s schedule J shows $125.00 per month spent on “clothing, laundry, and dry cleaning.” However, the Debtor testified that he does not buy many new clothes. Tr. at 16. 28. Mr. Newman’s medical expenses amount to between $50.00 and $100.00 per month. Tr. at 14. 29. The Debtor drives a 2014 Honda Civic with approximately 120,000 miles on it. Tr. at 14. He owes about $2,000.00 on the car; his payments are $230.00 per month. Id. 30. Mr. Newman expects he will need a new car in about five (5) years. Tr. at 15. 31. The Debtor pays about $167.00 per month on his Federal Loan. Tr. at 15.

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In re: Robert Vincent Newman v. Customers Bank and LendKey Technologies, Inc., (Pa. 2026).

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