Question for Soaplady
Date: Wed, 04/08/2009 - 15:32
Question for Soaplady
A friend of mine has about $50K in private loans. He's been faithfully paying on time every month. However the rest of his debts (credit cards) have all defaulted and he wants to file Bankrupcy
I've seen you say in other threads that filing for BK will automatically default a student loan, is that the case even if he's been paying on time every month?
I've seen you say in other threads that filing for BK will automatically default a student loan, is that the case even if he's been paying on time every month?
BK will not default your loan. I think what she means is that t
BK will not default your loan. I think what she means is that the time for filing is long and if you don't pay on it while its filing it could become defaulted during that time.
Filing BK with private loans in the mix even though they are n
Filing BK with private loans in the mix even though they are non dischargable can cause loans to default. I have seen it happen many times.
