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So I just did the 341 meeting. Everything was confirmed. I was wondering if my student loan is deferred until i finish payments, 5 yrs, for my bankruptcy. I noticed that the student loan payments each month is not included in the budget the atty did. I know the student loans have to be paid in full and are not part of the bankruptcy payments. Hope I explained this right.




Well, I have done a Chapter 7 so I can't tell you about the chapter 13. I do know that when you are going through a BK you don't have to pay rent (if you are a renter) until it is discharged. Have you done a search of the bankruptcy section on here?

Sub: #1 posted on Sat, 07/26/2008 - 11:01

Lorri Lorri
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(Posts: 1721 | Credits: 224.67)

Student loan payments are deferred until the end of your BK, but I believe interest still accrues on it.

Sub: #2 posted on Tue, 07/29/2008 - 08:06

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I didn't realize that during the chapter 7 process you do not have to pay rent, why is that? If you aren't declaring bankrutpcy on your landlord why would you not pay your rent? Just wondering as my sister is getting ready to file for bankruptcy and did not want to tell her landlord about it as she is planning on staying in the house.

Sub: #3 posted on Tue, 07/29/2008 - 09:44

ladybug ladybug

(Posts: 2757 | Credits: 282.45)

I don't know if it is true about not paying rent, but I do know that your landlord(creditor) can motion the courts to have the automatic stay lifted and evict you from his premises. I've never heard of not having to pay rent even though you are filing BK.

Sub: #4 posted on Tue, 07/29/2008 - 10:15

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Another reason why I asked is we own two rental properties and I would like to know what would happen if one of our tenants was filing bankrutpcy and stopped paying their rent what happens then?

Sub: #5 posted on Tue, 07/29/2008 - 10:19

ladybug ladybug

(Posts: 2757 | Credits: 282.45)

I didn't know that about rent either. When we did our bankruptcy, we still had to pay our rent at that time, so if that was so, we were never told about it.

Sub: #6 posted on Tue, 07/29/2008 - 18:38

2nband 2nband
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(Posts: 2279 | Credits: 469.2)

YES. Student loans aren't repaid during the bankruptcy (5years) but you do not have to make payments to them. You are pretty much getting a 5 year deferrment/forebearance through them.

Sub: #7 posted on Thu, 07/31/2008 - 10:02

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thanks meganmarie and all who responded

Sub: #8 posted on Fri, 08/01/2008 - 01:02

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