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Student Loans and Schedule J in Alaska

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    Student Loans and Schedule J in Alaska

    Whew, my main point of concern in filing was if I could count student loans as a monthly expense ($1500 worth) on schedule J or if I'd be kicked into a 13 while the loans were deferred, since it would look like I had a high DMI without the loans. I heard it depends on the district but couldn't get an answer about Alaska.

    Well, I'm happy to report to future Alaskan filers that student loans are allowed as expenses. At my recent 341 the trustee only asked why the loans were so high (wife and I went full time without working) and implied that getting rid of my dischargable debt to focus on paying them off was a good idea.

    #2
    Wow! That's awesome! Congrats!
    Filed Chapter 13 on 2-28-10. 341 completed 4/14/10. Confirmed 5/14/10. Lien strip granted 2/2/11
    0% payback to unsecured creditors, 56 payments down, 4 to go....

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      #3
      Nice job lockeout!!

      Thanks for posting the outcome....pay it forward as it were, help those coming up the trail after us.

      Tom in Colo
      Ch7 filed 5/12/2010.....341 meeting 6/30/2010....report of no distribution 8/15/2010.....discharged 10/01/2010.....closed 11/09/2010

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