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Debtor's recently deceased spouse had $99K in student debt; how does that affect exempt equity after Chapter 7 liquidati
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Nick:
1. I would look carefully at settling the debts outside of bk. Less than face value.
Do the math, it should be better than the trustee.
2. Student loans are generally discharged on the death of the student.
20 U.S.C. 1087
20 C.F.R. 674.61
20 C.F.R. 682.402(b)
20 C.F.R. 685.212
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green, Attorneys at Law
1010 E. Union St. Suite 206
Pasadena, CA 91106
Tel: (626) 449-8433
Fax: (626) 449-0565
pat@fitzgreenlaw.com
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