We just got confirmed and I am trying to figure out how much of our student loans are going to be paid off during the life of our BK. (our students loans are included in our plan)
The total we will pay in to our Ch. 13 is $154,000 - this is about 83% of our total claims.
Does this mean that 83% of our student loans will be paid off at the end of our BK? Or does the lien strip get paid off first then the unsecured split up the rest?
My lawyer did mention that student loans get paid the same as everyone else but, this is too vague for me.
Lien strip = 73000
Student loans = 56000
Other unsecured = 41000
Lawyer= 3000
Total claims = 173000
The total we will pay in to our Ch. 13 is $154,000 - this is about 83% of our total claims.
Does this mean that 83% of our student loans will be paid off at the end of our BK? Or does the lien strip get paid off first then the unsecured split up the rest?
My lawyer did mention that student loans get paid the same as everyone else but, this is too vague for me.
Lien strip = 73000
Student loans = 56000
Other unsecured = 41000
Lawyer= 3000
Total claims = 173000
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