Nashville lawyer who beat student loans by suing shell company posts how he did it onlineBy Isabel Vincent and Matthew Sedacca
July 1, 2023
A Nashville lawyer found a novel way to beat student loans: a lawsuit.
Brian Manookian tweeted about the way he conquered his own student debt back in 2016, by going to court after his original lender transferred his accounts to a shell company without telling him.
“Re-upping this for no particular reason,” Brian Manookian, 41, posted to Twitter, which included an image of the lawsuit he filed against the similarly named lenders, National Collegiate Student Loan Trust 2004-2 and National Collegiate Student Loan Trust 2006-2, in Tennessee State Court in 2016.
“The easiest lawsuit I ever filed and anyone can do it,” he wrote.
The original tweet has raked up 3.2 million views.
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After doing some digging, he found that the shell companies were based in Delaware but had sued dozens of people in Tennessee for defaulting on their loans.
He subsequently took the companies to court in his home state to find out if they were in fact holding his loan. They failed to respond and he got an automatic win from the court known as a default judgment.
“In my experience, none of these student loan servicers / loan sharks kept proper chain of title,” Manookian tweeted.
“You challenge their ownership, they decline to respond, you get a default judgment.”
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Source:
https://nypost.com/2023/07/01/nashville-lawyer-who-beat-student-loans-by-suing-shell-company-posts-how-he-did-it-online/
