Need help with student loans....

[indebt00]

so does BK put us in some kind of automatic default?

even if you pay? so the reason you are paying is to cover %?

thanks

[sassiebaz]

I called SM on to inquire about my student loan as a result of this thread. He assured me I was in good status but said it shows Im in BK. He also said it would not affect me getting more student loans....

[simon2020]

I called SM on to inquire about my student loan as a result of this thread. He assured me I was in good status but said it shows Im in BK. He also said it would not affect me getting more student loans....

So are you paying them outside of the plan OR are you going to pay them when your ch13 is complete?

[flower04]

I specifically asked my attorney about paying the Student loans outside of the plan, like if we had a little extra every couple of months or something like that. We were told not to pay at all. Because the account is "on hold" due to the BK, forebearance doesn't work (we already did that anyway) and the deposits will likely be treated the same, "on hold." Previous clients had tried to do this and ended up getting a returned check with a "processing fee" charged because the account was on hold. Our loans are not thorugh Sallie Mae but they will still accrue interest and we can't do a thing about it.

For a "fresh start" it sure doesn't seem like that, knowing that after we get out of our BK, we'll have this new debt to pay.