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Many of my clients with loans from Student Loan Xpress recently received a recently informing them that the loan servicer on their loan has been changed from Xpress Loan Servicing (XLS) to American Education Services (AES). This change does not make any meaningful difference to any of my clients. It does not change the owner […]

James F. Lisowski, Sr., the Chapter 7 Trustee in the Silver State Helicopters, LLC Bankruptcy Case, wants to settle with Jerry Airola and Thomas Pickett and 2 of their companies. Jerry Airola was the founder and CEO of Silver State Helicopters, LLC (“SSH”). Thomas Pickett was the Chief Financial Officer of SSH. On November 3, […]

Former SSH Students with loans from Student Loan Xpress have been waiting a long time for Judge Merryday to approve or reject the proposed class action settlement. During this time, a lot of work was being done behind the scenes to try to improve the proposed settlement for the students and to address two concerns […]

Here is all of the latest news for clients of mine who attended Silver State Helicopters and have student loans either with Student Loan Xpress or KeyBank Student Loan Xpress The long delayed class action settlement pending approval before United States District Court Judge Steven D. Merryday is now once again (in my opinion) moving […]

Here is the latest word from our friends Andrew August and Kevin Rooney at Pinnacle Law Group regarding the status of the proposed class action case that they filed in California against KeyBank: “As we mentioned last week, the District Court granted KeyBank’s Motion to Dismiss. While this was extremely disappointing, the District Court went […]

All former Silver State Helicopters students with outstanding loans from KeyBank can expect to receive a letter from KeyBank, typically dated June 15, 2010, based on the following template: KeyBank4910 Tiedeman RoadBrooklyn, OH 44144 NameAddress Student Loan Acct# Dear __________________: KeyBank is corresponding with you regarding the loans that you obtained to attend Silver State […]

Judge Merryday still has not ruled on the proposed class action settlement agreement submitted for his approval on March 22, 2010.

On Friday, June 4, 2010 I e-mailed individual settlement offers from KeyBank, National Association and Great Lakes Educational Loan Services (collectively “KeyBank”) to 42 of my clients who obtained loans from KeyBank to attend Silver State Helicopters School. I anticipate e-mailing individual settlement offers to additional clients of mine with KeyBank loans as soon as […]

The House Judiciary Subcommittee on Commercial and Administrative Law today weighed a bill to amend the Bankruptcy Code to allow private student loans to be discharged. Witnesses at the hearing today on H.R. 5043, the “Private Student Loan Bankruptcy Fairness Act of 2010,” included Deanne Loonin of the National Consumer Law Center, John A. Hupalo […]

United States District Court Judge Thelton E Henderson signed a 23 page Order today Granting KeyBank’s Motion to Dismiss Third Amended Complaint in the Northern District of California case entitled Matthew C. Kilgore et al. v KeyBank National Association, et al., Case No. C08-2958 TEH today. The judge dismissed the case with prejudice. This means […]