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  1. #1
    Join Date
    Nov 2008
    Posts
    10

    Default Co-Signed Loan in Chapter 13 Bankruptcy

    My question involves bankruptcy in the state of: oklahoma
    we have recently completed chapter 13 bankruptcy. I had co signed for my daughters student loan. They informed me the load went default when I filed chapter 13 even though she made the loan. I advised the collection atty that she was still in school and she had notified teri about her school status. The atty said she must have made a mistake and there was no record of her asking for forebarence for being in school. ( she's still in nursing school) In July the atty contacted me and offered a reinstatment plan if I make 5 payments. I had nothing in writing. The last payment was made 10/08. They informed me now that that program is not in existance any longer and want us to make a lump sum payment. My question is, Teri had filed for bankruptcy when this program was offered to me. How can they now back out of the plan that I had agreed to and completed? Did they write this off in their filings? I am willing to continue to make payments and get the loan out of default but I feel the loan should be reinstated and my credit report showing the same. What are my choices in this matter? Chances are when she graduates her new employer may pay off her student loan but thats an unknown.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Co-Signed Loan in Chapter 13 Bankruptcy

    I'm not sure exactly what you did or why. You should talk to your bankruptcy lawyer.

    TERI's bankruptcy is irrelevant.

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