co signing for student loan for debtor's adult child in
Posted: Thu Jul 26, 2012 12:41 pm
Student loan lenders are requiring co-signors to get as many debtors as
possible. Perhaps the student should go back to financial aid and explain
that his father is already in bankruptcy and perhaps the son would be
eligible for grant money!
Predatory lending has shifted to student loans.
Just my opinion.
On Thu, Jul 26, 2012 at 12:27 PM, lindseybgreen wrote:
> **
>
>
> Mates-
> I represent debtor in Ch. 13 case that was confirmed last year. Debtor's
> son is in college now and needs to get more student loans. Finance person
> at college wants debtor to file a motion in bk court to incur new debt of
> more than $500. I am against debtor doing this and am wondering why he
> should be on the hook for more debt when he does not want to do so. College
> might not give adult child more in student loans if debtor is not willing
> to co sign with son and file motion in bk court to incur new debt.
> It does not seem like debtor should incur the debt.
> Thoughts?
> Sincerely
>
> Lindsey B. Green, Esq.
> Gumm & Green, LLP, Attorneys at Law
> 5743 Corsa Ave., Suite 111
> Westlake Village, CA 91362
> phone: 818 707 4233
> fax: 818 707 4262
> e-mail-Lindsey@gummandgreen.com
>
>
>
Christine A. Wilton, Esq.
Law Office of Christine A. Wilton
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*Mailing:*
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Fax: 1-636-212-7078
Email: attorneychristine@gmail.com
Web: www.attorneychristine.com
Blog: www.losangelesbankruptcylawmonitor.com
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Student loan lenders are requiring co-signors to get as many debtors as possible. Perhaps the student should go back to financial aid and explain that his father is already in bankruptcy and perhaps the son would be eligible for grant money!
Predatory lending has shifted to student loans.Just my opinion.On Thu, Jul 26, 2012 at 12:27 PM, lindseybgreen <lindsey@gummandgreen.com> wrote:
Mates-
I represent debtor in Ch. 13 case that was confirmed last year. Debtor's son is in college now and needs to get more student loans. Finance person at college wants debtor to file a motion in bk court to incur new debt of more than $500. I am against debtor doing this and am wondering why he should be on the hook for more debt when he does not want to do so. College might not give adult child more in student loans if debtor is not willing to co sign with son and file motion in bk court to incur new debt.
It does not seem like debtor should incur the debt.
Thoughts?
Sincerely
Lindsey B. Green, Esq.
Gumm & Green, LLP, Attorneys at Law
5743 Corsa Ave., Suite 111
Westlake Village, CA 91362
phone: 818 707 4233
fax: 818 707 4262
e-mail-Lindsey@gummandgreen.com
-- Christine A. Wilton, Esq.Law Office of Christine A. WiltonOffice:5150 Candlewood Street, Suite 17FLakewood, CA 90712Mailing:
4067 Hardwick Street, Suite 335Lakewood, CA 90712Office: 877-631-2220Cell: 562-824-7563Fax: 1-636-212-7078Email:
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