Filing a bankruptcy
Its probably some clause put in by an illegal company to scare p
Its probably some clause put in by an illegal company to scare people. She can ask a lawyer, but people have included they loans in a bk.
Also , she can probably do it herself if she wants to.
Tell her to go ahead and not worry about it. I have a stack of
Tell her to go ahead and not worry about it. I have a stack of BK papers from the last month on my desk right now. With the economy and housing situation as it is, the filings have gone up 46% since February nationwide.
From what I understand (and please keep in mind, I am NO expert)
From what I understand (and please keep in mind, I am NO expert) but the only things that cannot be discharged by a bankruptcy are:
Taxes and tax liens
Student loans
Alimony and child support (domestic support obligations)
Debts obtained through fraud, false pretenses or false representation
Debts you failed to schedule in time to allow creditors to file proofs of claim (unscheduled debts)
Debts for fraud while you were acting in a fiduciary capacity, or for embezzlement or larceny
Debts for willful and malicious injury
Debts for fines or penalties to governmental units
Debts for judgments in wrongful death or personal injury lawsuits resulting from motor vehicle, vessel or aircraft accidents while you were intoxicated
Condominium or cooperative association fees or assessments
I think chapter 13 may be a bit different and this may not include everything, but all in all I cannot see any reason why a PDL cannot be included. I agree with the poster that said it is probably a clause just to scare people and has no legal merit.
