Chp13 & Disbursement to Unsecured Debt/Private Student Loan
Date: Thu, 06/28/2012 12:19
I filed for chp13 bankruptcy in CA, in January 2011. I was told when I was consulted that "students loans cannot be wiped out in bankruptcy", I said "ok". I filed, it was approved by the court, I pay the trustee every month, yadda yadda. But I notice the other day that lender for the only private student loan I have ever taken out, is listed with all 3 of the credit bureaus as either one of the following or a conjunction of two or more: adverse account, , WAGE EARNER PLAN, DEFERRED PAYMENT, Student loan, date major delinquency reported, last payment date, and a date closed. As for the loans through my school that I took out, they are all in good standing with NO NOTATION in reference to my bankruptcy or the wager earner plan. I assume this means that the lender for my private loan accepted the terms of the bankruptcy settlement and is due to get disbursement from my trustee, as I pay off my bankruptcy. I understand that my bankruptcy pays of my creditors in an order, secured debt (my car) and the attorney at the top, I don't have any other property to pay for the middle level, and so then they start paying off my credit card bills, etc. Anyhow, my private loan lender is listed in my bankruptcy as "unsecured debt" and is #1 priority in my unsecured debt category. Does this mean, for example, when my attorney is paid off (which is soon) this lender will be getting the percentage of the payment that went to the attorney? Therefore meaning they settled in my case for what they could get, and they'll get it, in time according to the "plan" or order that was OK'd by the courts... That is what it seems like to me. Someone please advise. I would love to get ahold of someone that ACTUALLY knows what they are talking about. I want to post my e-mail but I am not sure if you are allowed to do that. :( Some one please reply, I will be checking back. Thank you.
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