Have a Free 30 Minute Consult Tomorrow

[Frodo]

What are my "must ask" questions? I have some written down already, but I am sure I will leave there forgetting to ask something important.

[Frodo]

Ok, just got back from my 30 minute consultation. Unfortunately, she said it's not worth filing because I make too much money. With my disposable income, I would have to pay back 100% of my unsecured debt.

This is the best part. Student loan payments cannot be used when calculating disposable income. How f***ing stupid is that?

So even though I have to pay my student loans each month, the calculation used to determine my disposable income doesn't care.

I am convinced student loans are the work of the devil since I will be in a living hell until the day I die trying to pay them off.

[lrprn]

This is the best part. Student loan payments cannot be used when calculating disposable income. How f***ing stupid is that?

What is owed on student loans is included in the debt totals but because student loans are non-secured, the Means Test treats student loan payments like any other non-secured debt payments - none of them are included. If they were, then credit card payments could be included as well.

Personally I believe this situation is very unfair since student loans may indeed be non-secured, but by law they cannot be discharged in bankruptcy 99.9% of the time. Quite a Catch 22.

[Frodo]

It certainly is unfair. I am thinking the laws on bankruptcy and student loans need to be revisited and modified.