What Schedule would you list a student loan on?
Hello,So sorry to hear of your difficult situation. If my answer is not clear to you, I encourage you to ask me for clarification by using the reply button.A student loan would be listed on Schedule F.
Thank you, XXXXX XXXXX'm not filing for BK myself but rather studying to be a Bankruptcy assistant. I had thought that student loans would go on schedule F however in my studies it was stated; "If yes to the question "Do you have a student loan"? "this is a PRIORITY debt that needs to be listed on Schedule E of the bankruptcy petition. A student loan should never be recorded on Schedule F"
This would not be the first mistake I have found in my study material however I'm sure you can see my confusion.
So if I understand you correctly you disagree with the statement from the study material and a matter of fact would say it should state
If yes to the question "Do you have a student loan"? "this is a PRIORITY debt that needs to be listed on Schedule F of the bankruptcy petition. A student loan should never be recorded on Schedule E"
interesting -- let me verify my answer -- I will respond shortly
Thank you, XXXXX XXXXX it
Majority opinion among my colleagues is that a student loan is properly listed on Schedule F. Some bankruptcy attorneys do list the student loans under Schedule E if there are assets available for distribution. The reason that this is done is because the priority debts receive first distribution of any assets. That said, often a trustee or creditor will object to the listing under Schedule E.I hope that this helps
Thank you, XXXXX XXXXX
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