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Delaware USDC Magistrate okays Odyssey's designation as servicer of 6 Trusts in row between Indenture Trustee U.S. Bank and NCSLT trust certificate (residuals) owners; overrules all of US Bank's objections
7 May 2018, 10:25 pm by Wolfgang Demino
Factual BackgroundSix Delaware statutory trusts, identified as National Collegiate Student Loan Trusts 2003-1, 2004-1, 2004-2, 2005-1, 2005-2, and 2005-3 (the "Issuers" or the "Trusts"), were created between 2003 and 2005 to acquire pools of student loans, facilitate the issuance and sale of notes (the "Notes") backed by the private student loans (the "Loans") to investors (the "Noteholders"), and provide for the servicing of the Loans ("Loan… [read post]
Texas Debt Suit Defense 101 - http://debt-suit-litigation-in-texas.blogspot.com