Saturday, April 10, 2010

Open Question: Can I bankrupt a "tuition loan" with a Promissory Note?

I posted this before but I desired to add whatever more content and detail..... I went to a Lincoln in Newmarket over 10 eld ago(1998) and never finished. I hit gotten a honor since then from added school, but that is added story. I filed for chapter 7 insolvency in 2000 and included this "loan" in the insolvency which because this provide was not hardback by a slope nor was it a Stafford or any other identify of federal polity hardback loan. It was same a holdup commercialism organisation you would clear every period to the edifice during the semester with interest. Anyways I dropped the classes and conventional a credit, still somehow I ended up owing $400 or so which today they hit ballooned to over $500 with interest. Well it went to collections and yet I meet included it in my insolvency and so today 10 eld hit absent by and every of a explosive I am effort a attending from the edifice again contacting me most this "loan". I dispatched them a ultimate telecommunicate explaining that this was bankrupted backwards in 2000 after they dispatched it to a assemblage authority and that their records were inaccurate and requirement to be updated. This is their land regarding my telecommunicate to them: "Your debt with _____ Lincoln is for a teaching provide and is an educational benefit, (I hit a promissory note, subscribed by you) and is privileged from discharge. I dispatched a honor to you in July of 2001 explaining this. I hit a double of the insolvency filing and a double of the execute which states enrollee loans are exempt. Also, we are a land chartered Lincoln and there is no enactment of limitations on what you owe." Although it does not land anywhere on this promissory land that it is unable to execute nor was it pass to me that it was a loan, it was a commercialism organisation that I paying within the semester. Any support on this would be greatly understood as I do not owe this debt and never have, but because of an nonachievement in their asking when I got a refund, they did not provide me the whole defrayal and I retrograde because I was a kid and did not know what was going on. Any support would be greatly appreciated. Also I am in added land if that helps where consequence cannot be garnished either. This is not a Perkins provide nor Stafford loan. It is a commercialism organisation with welfare offered by this university. They are claiming because it is a polity hospital that it is a debt that cannot be discharge. Also I am in edifice currently as I am effort my bachelor's degree... Can this debt be delayed because I am in edifice currently same some federal loans? Please apprize on this.
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