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Debt Advice Forum Forums Student Debts Student Loan in Bankruptcy

This topic contains 9 replies, has 3 voices, and was last updated by  Daisy 9 months, 3 weeks ago.

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  • Author
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  • #414

    brendan76
    Participant

    I have student debt of £9000 and wondered if it’s possible to include this in bankruptcy

    #415

    Hi Brendan,

    As of April 13th 2005 Students debts cannot be included into bankruptcy and still need to be repaid. How much is your debt overall?

    #416

    brendan76
    Participant

    I owe about £15,000 including the student loans which means bankruptcy isn’t really suitable if they can’t be added.

    #417

    You’re correct, bankruptcy would be extreme without the student debts. Are you currently working and eligible to repay the student loans?

    #418

    brendan76
    Participant

    I am working and repaying the student loans but with my payments to other debts i’m struggling to have enough to live.

    #419

    This is something we hear a lot from people repaying student loans, are all your other debts unsecured and do you own a property or have any assets?

    #420

    brendan76
    Participant

    Yes they are all unsecured and I don’t own any property and have no assets except my £1000 car.

    #421

    Your best option would be to negotiate lower repayments with your other creditors until you are able to either clear the student loan or make the agreed payments to the unsecured debts.

    #422

    brendan76
    Participant

    Thank you for the advice i have just spoken to all my other creditors and they have agreed for me to pay less for the next 2 years when my student loan with be repaid.

    #1726

    Daisy
    Participant

    Hello Guys ! May I know what is the process of loan ?

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