TIMBERS, Senior Circuit Judge, delivered the opinion of the court, in which MILBURN, Circuit Judge, joined. GUY, Circuit Judge (pp. 361-363), delivered a separate dissenting opinion. TIMBERS, Senior Circuit Judge. Appellant Tennessee Student Assistance Corporation (TSAC) appeals from an order entered in the Middle District of Tennessee, L. Clure Morton, District Judge, which (1) affirmed the bankruptcy co…
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