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Mike.gh
Starting Member
1 Posts |
 Posted - 01 November 2011 : 12:50:01
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Hi,
I have just received a letter from Capquest regarding outstanding Student Loans from when I was at university in the early 90's.
On 1st June 2003 I was made Bankrupt and as such assumed that my student loan debt would be included and 'cleared' as part of the bankruptcy.
I have read that bankruptcy prior to September 2004 would have included student loans - is this correct and if so should I simply call them to tell them this ?
What details would I need to provide to them ?
Thanks,
Mike |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 01 November 2011 : 15:09:45
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Hello there
as far as I am aware student loans taken out pre 1998 are included in bankruptcy. Any student loans taken out after that date cannot be included and the individual is still liable for the debt.
Hope this helps, Melanie
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 01 November 2011 : 15:20:11
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Apologies, I went away to read the technical manual.... any Student loan prior to 1998 CANNOT be included in bankruptcy.
For the period between 1998 and 2004, there was a loophole with the new loans and they could in fact be included in bankruptcy, IF they were taken out during this period.
Any student loans post 2004 CANNOT be included in bankruptcy.
Again apologies, as I posted the reply, I started to doubt myself, went and read up, and duly slapped myself on the wrist! and posted this amendment
Hope this clarifies things for you mike.gh
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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Hi, I have just received a letter from Capquest re student loans
