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| The independent answer to your debt problems | login join |
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Eveie
| 25-02-2008 02:20 PM |
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Joined: 25 Feb 2008 Posts: 1 | Hi There All, I am in debt to the tune of 10K, 3K of which is student loans. I know with the closing of the loop hole that they are now repayable, if you declare yourself bankrupt. Does this apply if the debt is from before they changed the law? Also having contacted the Student Loans Company they advised the arrears are nearly as big as the loan i.e. aprox 3K. I wish to return to University but am stopped by my current problems with the Student Loans Company. The debt is prob about 10 years old. Any ideas as to how i can proceed? Best wishes Eve XX |
| paladin | 25-02-2008 02:53 PM |
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Joined: 06 Jun 2007 Posts: 55 My Profile | Hi Eveie The loophole was only for Scottish Students loan debts. In England, a Student Loan could not be included in Bankruptcy or IVA. You will need give us more information regarding your student loan and debts. I take it you have been working and have therefore triggered the payback threshold. Have you spoken to the Student Loan company about your money problems? Post your SOA and we'll take a look at it and see if there is any room to improve your financail position. P |
