Has Anyone Tried This With Student Loans?
Posted: Wed Jun 09, 2010 6:26 pm
Actually, it's perfectly possible to "gerrymander" student loans into a
separate class. Treating a student loan as long term debt under
1322(b)(5), a separate classification expressly allowed by the Code, is
perfectly proper and by definition not unfair discrimination. See In re
Truss, 404 B.R. 329 (Bankr. E.D. Wis., 2009); In re Cox, 186 B.R. 744, 746
(Bankr.N.D.Fla.1995); In re Benner, 156 B.R. 631, 634 (Bankr.D.Minn.1993);
In re Sullivan, 195 B.R. 649 (Bankr. W.D. Tex., 1996); In re Saulter, 133
B.R. 148 (Bankr. W.D. Mo., 1991); In re Hanson, 310 B.R. 131 (Bankr.W.D.Wis.
2004).
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Message
Actually, it's perfectly possible to "gerrymander" student loans into aseparate class. Treating a student loan as long term debt under 1322(b)(5), a
separate classification expressly allowed by the Code, is perfectly proper and
by definition not unfair discrimination. See In re Truss, 404 B.R. 329 (Bankr.
E.D. Wis., 2009); In re Cox, 186 B.R. 744, 746 (Bankr.N.D.Fla.1995); In reBenner, 156 B.R. 631, 634 (Bankr.D.Minn.1993); In re Sullivan, 195 B.R. 649(Bankr. W.D. Tex., 1996); In re Saulter, 133 B.R. 148 (Bankr. W.D. Mo., 1991);
In re Hanson, 310 B.R. 131 (Bankr.W.D.Wis. 2004).
David A.
Tilem
Certified Bankruptcy
Specialist*
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