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Waco attorney Shank to run again for Waco’s Texas House seat

Waco bankruptcy attorney Erin Shank will announce her candidacy Sunday for the Texas House of Representatives seat Charles “Doc” Anderson will leave at the end of the term.

Shank will make her announcement Sunday on the 40th anniversary of her becoming a lawyer. This will be her second time to run for Texas House District 56 as a Democrat. She lost to Anderson in the last election. He will not seek reelection next year, after ten terms in the position.

Shank said two issues that loom large in her mind as motivators for a second run are a bill proposed in the Legislature’s last regular session that would revoke regulations on the dairy farms up the Bosque River from Waco, and border security.

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“The Constitution makes border security a matter of federal jurisdiction, but I have been talking with state legislators and state senators about laws we can pass to improve things down there,” Shank said in a phone interview.

“We can work on the humanitarian problem and secure the border,” she said. “We can walk and chew gum at the same time. State reps can push the issue forward.”

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Bankruptcy Expert Claims It May Be Your Only Option if Biden’s $20K Student Loan Forgiveness Plan Fails

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Shutterstock / Shutterstock

President Joe Biden’s plan to forgive up to $20,000 in federal student loan debt per borrower could soon reach endgame if the U.S. Supreme Court rules against the plan this month, as many predict. If the plan is struck down, at least one legal expert says bankruptcy might be the only option for many borrowers.

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The reason is simple: Many borrowers won’t have enough funds when federal student loan payments resume sometime this summer following a pause of more than three years.

About 20% of student loan borrowers have already defaulted on a loan, according to Jonathan Petts, CEO of Upsolve, a non-profit organization that helps individuals file bankruptcy without using a private attorney. The total amount already in default is more than $124 billion.

“This demonstrates a clear need for a plan to help borrowers facing challenges with paying off their debts,” Petts told GOBankingRates in an email.

He said the Biden forgiveness plan is “likely to be struck down” by the SCOTUS, which means both loan payments and interest will resume not too long

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