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Student Loan

Date: Tue, 12/30/2008 - 16:24

Submitted by anonymous
on Tue, 12/30/2008 - 16:24

Posts: 202330 Credits: [Donate]

Total Replies: 2

Student Loan


I had student loans in the early 80's. I paid one but defaulted the other. I declared bankruptcy in 1990 and it was released. collection agencies claimed it was impossible. They finally started calling my work and threatening me so I started a pmnt plan. After about 10 months and lots of research I wrote a letter with copies of my Bankruptcy to the Dept Of Ed. They released my obligation and said it did go through in Bankruptcy - the last year it was allowed. I was extremely happy but they also told me since I "voluntarily" hgave those payments I could not get the money back. So, where does the money go? Can I pick someone to help out? This just seems ridiculous when I was told for 20 years there was no such thing as a Bankruptcy with Student Loans.


Bankruptcy laws changed to no BK in 1998. Prior to that you had to be in 5 or 7 years since the loan became due plus you had to meet the conditions of the 3 part Brunner test in order to qualify for a bk.

If you did in fact qualify, making payments after the discharge are not refundable. Your attorney should have taken care of this for you.


lrhall41

Submitted by SOAPLADY on Tue, 12/30/2008 - 17:18

( Posts: 17315 | Credits: )