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Judgment against you

 
 

Posted on Tuesday, September 09, 2008

If you have a Judgment against you for a student loan, and you graduated in 2000, what happens to the Judgment if your Division I Proposal is accepted ? What happens to it in the event of bankruptcy ? Under both circumstances, can it later be revived after the conclusion of each ?

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1 Comments:

  • At 12:16 PM, Blogger Barton Goth, CIRP, Trustee in Bankruptcy said…

    This all depends on when the Division I Proposal is filed. If you have been out of school for at least 7 years at the date the proposal is filed then the debt will be cleared with all your others.

    This same 7 year rule exists with a bankruptcy as well.  

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