QUESTION
What can be done if I am co-signer on a student loan and I filed for bankruptcy?
Asked on Sep 16th, 2013 on Bankruptcy - Washington
More details to this question:
I am in Chapter 13 bankruptcy. I had previously cosigned on student loans from Sallie Mae for my daughter. She is now in repayment, but since I filed bankruptcy, they will not let her have any information on her account. She cannot go online and when she calls, they say they cannot talk to her at all, even about the loans that I did not cosign for. It's very frustrating, because she is paying them monthly, but when a problem arises, no one will talk to her. They won't even give her a payment booklet.
4 ANSWERS
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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I would keep meticulous records of all payments and all phone calls.
Answered on Oct 31st, 2013 at 1:54 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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Your daughter is protected by the co-debtor stay and hence they cannot demand a payment from her or make it appear that they are demanding a payment by giving her information.
Answered on Sep 18th, 2013 at 4:52 AM
Nobody has to talk to anyone, and insisting that someone do so when they don't want to is almost always a mistake. Try corresponding the old fashioned way - in writing.
Answered on Sep 18th, 2013 at 4:51 AM
Bankruptcy Attorney serving Seattle, WA
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The Law Office of Marc S. Stern
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Have her call her Congressional or Senatorial representative. They are good at cutting through this crap.
Answered on Sep 18th, 2013 at 4:40 AM