Been told several times the government situlates that 93 days is the limit to complete the settelment pay back time frame. I think it is C/C BS. Anybody know?
Thanks
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Yes, that is bs. 93 days for settlement? Pleaaasseee.
They are just trying to get a quick commission off you.
Filed CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way.. -
There is no government mandate for settlement payment. They are lying to you. They can spread it out further but will not; they want the money, period. They don't want to wait for it.First consult: You go now, no CH 7 for you. You spent entire buffet. 13 has a 95 percent payback. (Owwwch) On to next consult....Comment
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I never heard of such a thing.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
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Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.Comment
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Is it a government backed loan (i.e. a student loan?). If it's a student loan, I believe the fiscal year ends sometime in October. Not a 93-day rule per-se, but it's possible that the settlement would have to be paid 93 days from the offer, before they'd have to start over.Originally posted by maxwell18 View Post
Anyways, if it was a student loan, and the settle-by date was around the end of September, maybe that's what they meant. I dunno.Standard disclaimer: I'm not a lawyer. I am an idiot. Do not take my advice. I am not responsible for what happens if you blindly follow an idiot's advice. Blah blah and more legal stuff.Comment
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