Student Loan Co-Signer - Non-Federal EFS

[bankruptsaluki]

So I just noticed this and I am a little concerned now. I have two Wells Fargo student loans that are not federal loans. They are also unsecured (I called them to ask if they were secured by anything). My dad is the co-signer on these loans and is currently making the payments on them. So with these being unsecured student loans through Wells Fargo, will they be discharged, 2ndly, will my dad's credit take a hit if they are discharged?

I know that student loans are not dischargable, and quite honestly I hope these loans don't get discharged because my dad is making the payments and on time so it could help with post bankruptcy.....I am more concerned with my dad having "included in BK" on his credit report.....

Thank you in advance for anyone's help, appreciate it greatly.

[bankruptsaluki]

What happens if I don't list it at all?

[bankruptsaluki]

HHM or Todd, please help with quick question

Thanks in advance for helping, appreciate it greatly.

It looks like they are associated with a non-profit, I found out after I read the promissary note again. 1 of the notes has it on there, the other does not.

I hope these do not get discharged. Here is the one thing that I am worried about now.....The below is on the prom note.....

Default: If I am in default under this note, lender may declare, without notice or demand, the entire unpaid amount on this note, including principal, interest, late charges, all other charges, and all costs of collection and reasonable attorney fees, immediately due and payable. The lender may declare, without notice or demand, this Note in default at any time upon or following the occurence of any of the following events
A. I do not make a scheduled payment within 30 days of the payment due date
B. I make an assignment for the benefit of creditors, have voluntary or involuntary bankruptcy proceedings instituted by or against me, am adjusticated incompatent, or die
C. I make any statement or representation on the application and/or supporting documents for the loan evidentend by this not that materially untrue, incorrect or incomplete.

There are more that don't matter right now, I am obviously worried about the bold faced

If I have been perfect with these student loans and claim bankruptcy, will they then automatically dafault these loans because of the bankruptcy? HHM or Todd, please help.....

[HHM]

See these threads

http://www.bankruptcyforum.com/showthread.php?t=2840

http://www.bankruptcyforum.com/showthread.php?t=2998

http://www.bankruptcyforum.com/showthread.php?t=3062

I wouldn't worry about the default issue too much so long as the payments are made everymonth.

[bankruptsaluki]

Thank you very much HHM, appreciate it greatly. Have a great rest of the day

[IHateTheJones]

I have my loans through Concern Wells Fargo - when I tried to consolidate them before the APR went up - I was told NO. These are private loans and not gov't loans and did not qualify for refinancing. If I wanted to consolidate I would need to take out a new loan and the APR was based on my credit score.

[StaciMM]

I'm sorry, but this part is quite interesting. They'll consider you in default, and call the full balance due if you DIE????

Thanks in advance for helping, appreciate it greatly.

The lender may declare, without notice or demand, this Note in default at any time upon or following the occurence of any of the following events
A. I do not make a scheduled payment within 30 days of the payment due date
B. I make an assignment for the benefit of creditors, have voluntary or involuntary bankruptcy proceedings instituted by or against me, am adjusticated incompatent, or die
C. I make any statement or representation on the application and/or supporting documents for the loan evidentend by this not that materially untrue, incorrect or incomplete.

. ....