Question by Kelly: I am goint to court regarding my chapter 7 case , my attorney included my citibank student loans on there? Since they are considered private and not federal is there an chance they could be discharged on my bankruptcy?? Best answer for I am goint to court regarding my chapter 7 case , my attorney included my citibank student loans on there?:
Answer by Roxy
I believe they can, you should read the fine print on your student loan papers.
Answer by jhn30s
most likely, i dont see why your lawyer would add it if it would not be discharged.
Answer by Suddenly Human
Your attorney can include them on the case, (the quack prob billed you somehow by the number of items he listed and charged you somehow by that) but student loans, (even private ones) can not be discharged in bankrupcy. See attached article: Private Student Loans: More Important than Child Support and Taxes? "Shielding private loans from bankruptcy means that repayment demands can essentially extend forever, leaving even the most destitute borrowers with no way out. " http://www.newamerica.net/blogs/education_policy/2007/05/private_loan_bankruptcy
Answer by jiayo23
To my knowledge, filing for bankruptcy does not take care of student loans.
www.studentloans.personalfinanceandinvestment.com Citibank Student Loans or Chase Student Loans Citibank or Chase student loans? This is a question I receive a lot from students that need a loan for their education or other crucial needs. Citibank and Chase are among the largest lending companies but they have important differences that set them apart. To learn more on Citibank student loans or Chase student loans, just follow this link now.
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That's the question Brian P. Hahn, Citigroup Product Manager for Personal Loans and Insurance, and Connie Moral-Mayers, Citi Public Affairs Manager, posed to 31 high school graduates or incoming seniors today at Guam Community College. The students ... Guam - How much money do you need to live the lifestyle you want to have?
Those who are aware of the Citibank loan modification program that was in function few years back, must be able to recall how difficult it was to obtain that. But today loan modification program of Citibank has been extremely simplified seeing the negative impact of the financial depression that has hit every individual of America. There have been instructions to all banks and financial institutions form the present government to support the homeowners who are struggling to meet the repayment of their home loan.
The Citibank has made some changes in the application process of loan modification so that the borrower gets reduced rate of interest that further reduces the monthly installment. Not only this, the borrower is also provided with the increase in the repayment tenure and if the situation of the borrower is more critical, both the things are applied for him so that he is comfortably able to pay off his home mortgage loan.
If the financial condition of the borrower is extremely crucial, then principal amount is also considered and reduced. However this is rarely done but is possible under special circumstances.Citibank loan modification program restructures the current home loan of the borrower in affordable monthly installments and in this way he is able to repay the loan easily and contentedly. If you want to apply for the loan modification program of Citibank, you will have to find out its requirements from the loss mitigation department. This will help you know whether or not you are eligible for any of the loan modification programs. They will also assist you to decide which program best suits your situation and benefits you the most. After this you can decide upon the program and make arrangements for the application.
Once you know about the prerequisites, you can now gather the important documents that are required to be submitted along with the application form.
Arrange the documents in proper manner so that the officers get impressed by it and write an impressive hardship letter that briefs your financial condition with reasons in such a way that your application is approved instantly. For this you can take some professional help so that your work is done accurately and in appropriate manner. You should also give the data of your monthly income and expenditure to the bank so that it gets an idea that you will be able to repay the loan. Suggest Citibank Loan Modification Help Articles
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