Wisconsin company
Question
Filing Bankruptcy in WIsconsin - Student Loan?
I am getting ready to file bankruptcy here in WI (my credit score is only about 400); i was sued by a local private college for classes i took but had to drop out prior to the completion of class; i did not have a FAFSA loan and it is not through Sallie Mae/Fannie Mae -- is this still considered a non-dischargeable student loan? also, unfortuantely, although i was able to pay my Orchard Bank account on time, it looks like that will be included in my bankruptcy as well. I have two of those darn payday loans too - i'm filing on Monday and I want to make sure they don't take a payment on Friday out of my bank account so i e-mailed them and i also e-mailed my bank asking them to stop the transaction(s) and have yet to hear back from either company -- any advice to make sure they don't take that huge payment?
3 years ago - 4 answers
Best Answer
Chosen by Asker
Contact your bank again. Make sure you do, go there if you have to. The people at the loan place will try to get that money, no matter what. They want that money, and they know that if you are filing for bankruptcy, they will get NO money, so they'll try to get that last payment, so don't count on them. Also, whoever is taking care of your bankruptcy should be able to take the Orchard Bank account off your record if you can give them proof of payment. The student loan is cannot be discharged. P.S. Do a google search "Disputing Negative Items on your Credit Report". Help is out there, you just have to find it.
by MoMoney23
3 years ago
Asker's Rating: 
Other Answers
Can I ask how much in debt are you? Are you sure bankruptcy is the best thing? You will have to contact your loan provider on whether or not it is a dischargeable student loan. Most likely if it is a "student Loan", you will not be able to discharge it with your bankruptcy.
by AB- 3 years ago
In order to stop the pay day loans from being deducted from your account you need to closed that account immediately and open up another account. You can open up another account at the same bank immediately after closing out the other account. If it's a checking account where the money is being deducted just close that one out and open up another one. Just tell the bank you lost your checks and would like to open up another account. Been their, done that (it works) As far as the student loans they are not dismissed in a bankruptcy nor is, child support or taxes that are less then 3 years old. So go to your bank and closed out that checking account or savings account where they are deducting the pay day loans and open up another one. It can be at the same bank. Do this on Monday before or after you file your bankruptcy petition.
by twocute4u- 3 years ago
The payday loan people will take it out no matter what. You can not file bankruptcy on them. It is in the contract. So if you don't pay them now you will have to pay them later. And a student loan you also cannot file bankruptcy on them.
by amber_myers16- 3 years ago