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Student loans - I know they are generallynot
I generally send student loan borrowers here first:
http://www.studentloanborrowerassistance.org/
I do not know of any case law to support your theory, but would be
interested in monitoring this thread for any glimmer of hope for student
loan debtors.
On Thu, Jul 8, 2010 at 11:01 AM, shawnswhite wrote:
>
>
> case where forcing the student loans into their plan will have very
> negative consequences on the debtors.
>
> Both debtors have advanced degrees. The have respectable incomes but they
> have approx 170,000 in student loans. Their monthly payment on is approx
> 1,200.00. The interest is 6%. They are lien stipping a 2nd and have some
> credit cards.
>
> My understanding is that on the student loans the 6% will continue to
> accrue for the 5 years. Their plan will pay off aprox 25k of the student
> loan but with the interest added in they will owe about 190k.
>
> Part of the reason they filed was because they can't afford the student
> loan payments now. Having an even larger debt hit them as soon as the five
> years is up is going to pose quite a hardship.
>
> Does anyone know of any cases in our district where at least the interest
> if not the loan itself has been frozen or discharged on hardship grounds?
>
> Thank you.
>
>
>
Best Regards,
Christine A. Wilton
Principal Attorney
Greifendorff Law Offices
333 City Boulevard West, 17th Floor
Orange, CA 92686
Office: 800-861-0786
Cell: 562-824-7563
Fax: 714-938-3255
Email: attorneychristine@gmail.com
Web: www.greifenlaw.com
Blog: www.losangelesbankruptcylawmonitor.com
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I generally send student loan borrowers here first:
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