Chp13 & Disbursement to Unsecured Debt/Private Student Loan
Your question has already been answered in the given page. Have
Your question has already been answered in the given page. Have a look:
http://www.debtconsolidationcare.com/Bankruptcy-and-related-issues/Chp-13-Disbursement-to-Unsecured-Debtprivate-student-loans.html
Private student loans are non dischargable in bankruptcy as are
Private student loans are non dischargable in bankruptcy as are federal loans. Privates will go into the wage earner plan but when the bankruptfcy is discharged, interest will be updated and the balance will still be due. This is just how it works. I have no clue why your other loans are reporting differently. Your attorney should have made this clear to you.
Thank you
Thank you everyone for the responses. I was majorly concerned about this because my mother around 6-8 months after I filed bankruptcy, paid off the full amount owed on the private student loan. So if these people settled in court with my chap 13 filing, than my mother shouldn't of had to pay... so I wanted to be sure that this was not the case. I am also a little irritated that my attorney didn't explain that there could be a difference between a private and federal loan... and that there was even a slight option for filing a hardship. Anyhow, any additional comments? Would love to hear them. And also I just posted a new question about my lawyer screwing me over, if anyone is interested answering that one. Thank you all for your help.