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student loans- i used "search" this wasn't addressed

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    #1

    student loans- i used "search" this wasn't addressed

    I have a question about student loans. I used search and advanced search but nothing regarding this particular question came up.

    I have decided to file and I have a question about student loans. I'm still in school so all of my student loans are deferment and listed in good standing. One of the loans is a private loan through Sallie Mae that my brother co-signed for. I saw in some of the threads that I searched issues where once people filed Sallie Mae no longer spoke to them. Does this also apply for loans that are in good standing? Since they can't be discharged and I'll be teaching in a school with loan forgiveness anyway I don't plan to include them in the BK. But I'm concerned about my brother being adversely affected. He always does everything in his power to help me and I do not want his credit score affected by MY problems. Does anyone know if co-signers get negative items on their credit reports from any of the 3 agencies when someone they helped files BK even if the item isn't included?

    Respectfully,
    Elle

    PS- I am also wondering if anyone has an idea of the timeline from file to discharge in MD. I heard six months is typical for MD but a lawyer that my mom spoke with to get information for me in NY said 3 months. Does it matter where you file as long as you can go to meet with the lawyer and attend the 341? (I'm in school in MD and all of my debt was incurred here but my permanent address is in NY). I want to apply in whichever state is fastest. If anyone has any recommendations for a good BK lawyer in Maryland please pm me with information if you don't mind sharing.
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    #2
    Originally posted by girlthree View Post
    . I saw in some of the threads that I searched issues where once people filed Sallie Mae no longer spoke to them. Does this also apply for loans that are in good standing?
    Yes. They consider any contact a violation of the automatic stay that comes with BK.
    So the poor debtor, seeing naught around him
    Yet feels the narrow limits that impound him
    Grieves at his debt and studies to evade it
    And finds at last he might as well have paid it.

    Comment

      #3
      Originally posted by girlthree View Post
      Does anyone know if co-signers get negative items on their credit reports from any of the 3 agencies when someone they helped files BK even if the item isn't included?
      It should not affect your brothers credit score in any way so long as the loan remains in good standing.
      So the poor debtor, seeing naught around him
      Yet feels the narrow limits that impound him
      Grieves at his debt and studies to evade it
      And finds at last he might as well have paid it.

      Comment

        #4
        Thanks so much DST1.

        Do you know what happens after the discharge to good standing student loan accounts? Basically, I'm wondering if things just resume as normal with them after the BK.

        Comment

          #5
          Originally posted by girlthree View Post
          Thanks so much DST1.

          Do you know what happens after the discharge to good standing student loan accounts? Basically, I'm wondering if things just resume as normal with them after the BK.
          Yes, they will go back to normal standing on your credit report, instead of "suspended" standing, and you will be able to pay them online again. Once I was discharged, this is what happened to my student loans.
          You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

          Comment

            #6
            Originally posted by backtoschool View Post
            Yes, they will go back to normal standing on your credit report, instead of "suspended" standing, and you will be able to pay them online again. Once I was discharged, this is what happened to my student loans.
            Do they go back to normal standing after the bk is discharged or after it is closed? Sometimes those can be far apart.

            Comment

              #7
              Originally posted by tdawg View Post
              Do they go back to normal standing after the bk is discharged or after it is closed? Sometimes those can be far apart.
              After discharge. My case is still not closed.
              You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

              Comment

                #8
                Originally posted by backtoschool View Post
                After discharge. My case is still not closed.
                So you are still waiting for Elmer Fudd to say, "Uh bub a da bub da bub...that's all folks!"
                Well, I did. Every one of 'em. Mostly I remember the last one. The wild finish. A guy standing on a station platform in the rain with a comical look in his face because his insides have been kicked out. -Rick

                Comment

                  #9
                  Originally posted by OhioFiler View Post
                  So you are still waiting for Elmer Fudd to say, "Uh bub a da bub da bub...that's all folks!"


                  From what I can tell, Elmer has washed his sweaty, stubby hands of me.

                  He filed his final report, and put the asset money in a court account to be paid to my creditors, and then the creditors were sent a copy of the final report with their payout amounts and they have 21 days to object. I think I am just waiting out the 21 days at this point.
                  You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

                  Comment

                    #10
                    Originally posted by backtoschool View Post
                    After discharge. My case is still not closed.
                    Did you have to contact the lender to get the status changed or did it just happen? And how long after discharge did it take?

                    Comment

                      #11
                      thanks so much everyone for all of your advice!!

                      Comment

                        #12
                        Originally posted by tdawg View Post
                        Did you have to contact the lender to get the status changed or did it just happen? And how long after discharge did it take?
                        I did not have to contact the lender, it automatically happened after my discharge. It took less than a month.
                        You can't take a picture of this. It's already gone. ~~Nate, Six Feet Under

                        Comment

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