Credit cards debts and student loan

Hello experts!

I have about 20K cc debts, and I plan to file bankruptcy soon. Besides that, I also pay a student loan. I stopped paying my cc about 3 months ago, but I continue making monthly payments towards my student loan (just scared that they would garnish my paycheck if I stop).

My question is: will the fact that I am able to make payments towards my student loan affect the judge decision regarding my cc debt? Can this fact fail my case?

Thank you in advance.

5 Answers

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what SOAPLADY means is that once you file and list your student loans the lock box is your payments set but in a different account,and yes student loans can be done thru CH13 CH7 is next to impossible.

giving hope to the hopeless,help to the helpless,and hap to the hapless.

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SOAPLADY, thank you for the answer, but I am a little bit confused regarding this statement "no online payments or autodrafts will stop". Do you mean that I need to stop making payments towards the loan or the judge will order to stop payments? As far as I know, it is VERY difficult to get rid of students loans through bankruptcy. You need to have really solid reasons for that and stop making payments about 3 months before you file for bankruptcy.


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paulmergel, it is a federal loan.


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Your student loans HAVE to be listed on your bankruptcy and will go into a bankruptcy status. Your payments will go to what is called a lock box...no online payments or autodrafts will stop. Making these payments will not affect the judges decision.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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since you really can't do BK on a student loan you should have no problem as long as you disclose full details of the student loan.is this a federal,or private loan?

giving hope to the hopeless,help to the helpless,and hap to the hapless.

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