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Student Loans on IBR in Chapter 13
So, we can pay the student loan outside plan, AND give them a little
something at the end of the plan to make the percentage equal per all class
5 creditors?
I'm not sure my head can get around all this fancy math.
Christine
Christine A. Kingston, Esq.
Law Office of Christine A. Kingston
5011 Argosy Avenue, Suite 3
Huntington Beach, CA 92649
Office: 714-533-9210
Fax: 714-489-8150
Email: attorneychristine@gmail.com
Blog: www.losangelesbankruptcylawmonitor.com
The post was migrated from Yahoo.
Why pay greater percentage to other creditors, perhaps structure a few payments at the end of plan to equalize the percentage?
Sent from my iPhone - please excuse typos.
Thank you.
> On Jan 26, 2016, at 10:35 AM, Christine Kingston attorneychristine@gmail.com [cdcbaa] wrote:
>
> Colleagues,
>
> I am informed that I must brief the subject in a Santa Ana Division Chapter 13 case as to why the debtor's student loans on IBR (Income Based Repayment) should be allowed to be paid outside the plan.
>
> The reality is that the other creditors will enjoy a greater percentage and the IBR program states that you only get one shot at IBR and if you fall off that program, you cannot get back in it.
>
> It's not prejudicial to the remaining creditors. However, trustee wants a brief. Any thoughts or suggestions?
>
> Thanks, Christine
>
> Christine A. Kingston, Esq.
> Law Office of Christine A. Kingston > 5011 Argosy Avenue, Suite 3
> Huntington Beach, CA 92649
> Office: 714-533-9210
> Fax: 714-489-8150
> Email: attorneychristine@gmail.com
> Blog: www.losangelesbankruptcylawmonitor.com
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The post was migrated from Yahoo.
Colleagues,
I am informed that I must brief the subject in a Santa Ana Division Chapter
13 case as to why the debtor's student loans on IBR (Income Based
Repayment) should be allowed to be paid outside the plan.
The reality is that the other creditors will enjoy a greater percentage and
the IBR program states that you only get one shot at IBR and if you fall
off that program, you cannot get back in it.
It's not prejudicial to the remaining creditors. However, trustee wants a
brief. Any thoughts or suggestions?
Thanks, Christine
Christine A. Kingston, Esq.
Law Office of Christine A. Kingston
5011 Argosy Avenue, Suite 3
Huntington Beach, CA 92649
Office: 714-533-9210
Fax: 714-489-8150
Email: attorneychristine@gmail.com
Blog: www.losangelesbankruptcylawmonitor.com
The post was migrated from Yahoo.