student loan payments
If I file a bankruptcy but don`t have enough years out of school to include my student loans, will I be required to make payments to my student loans while in bankruptcy? Or can I request a hold for the duration of my bankruptcy term?
Posted from: Quebec
The assumption most lenders make when you file bankruptcy with student loans is that you will NOT continue to make payments during the bankruptcy. The best way to make certain your payments will stop is to talk to the financial institution before you file to make the appropriate arrangements.
Keep in mind that while the payments may stop, interest will still accrue which means your loan balance will increase during your bankruptcy if you don’t make any payments.