In a Chapter 13 bankruptcy, the Department of Education, it’s Guaranty Agencies & student loan servicers are concerned with Espino discharges, stay violations, and court-imposed modifications so they place all student loans in administrative forbearance. The “fresh start” becomes a “false start” - While no collection actions are taken interest continues to accrue. This panel discusses a new approach to managing this debt with a student loan management program that streamlines the process, operates under a defined set of rules, simplifies document preparation, manages the submission and review processes and incurs no cost to the court and minimal cost to debtors.
Recorded at the Bankruptcy Institute in October 2021.