Student Loan exempt from BR - should I declare it on forms?

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oliviaolivia12345
oliviaolivia12345 Posts: 80 Forumite
in Bankruptcy & living with it
I do not need to pay anything back on my £12,000 student loan until I am earning double what I am earning now (not sure when that will be!).

I also know that Student Loans are exempt from bankruptcy. Should I declare this on my Statement of Affairs forms?
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Comments

  • allofadither
    allofadither Posts: 543 Forumite
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    I would be inclined to declare it. It means you have filled in the forms fully and declared ALL your creditors regardless of whether all the debts are included in BR.
  • Remmer
    Remmer Posts: 220 Forumite
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    I agree. Be open and honest. You sleep better!
    BR 18 Oct 2006 Discharged 16 April 2007 :T
  • Jonto_3
    Jonto_3 Posts: 40 Forumite
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    some people pay their student loans off with unsecured loans before they go bankrupt.

    Grounds for BRO so i would advise against.
    I am only going to make 40 posts, then I am off.
  • Richard_S
    Richard_S Posts: 4,432 Forumite
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    Jonto wrote: »
    some people pay their student loans off with unsecured loans before they go bankrupt.

    Grounds for BRO so i would advise against.

    Are you talking from personal experience Jonto?

    Some would say it's morally wrong to do something like that but then others would argue that it's immoral to charge students for an education; especially sutudents from lower income families.

    I'm neutral.

    Regards

    Richard
  • Jonto_3
    Jonto_3 Posts: 40 Forumite
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    Richard_S wrote: »
    Are you talking from personal experience Jonto?

    Some would say it's morally wrong to do something like that but then others would argue that it's immoral to charge students for an education; especially sutudents from lower income families.

    I'm neutral.

    Regards

    Richard

    I am talking from experience, not my personal experience though ! I have seen it done a few times.

    Student loans, another one of labour's scams !
    I am only going to make 40 posts, then I am off.
  • Richard_S
    Richard_S Posts: 4,432 Forumite
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    Jonto wrote: »
    I am talking from experience, not my personal experience though ! I have seen it done a few times.

    Student loans, another one of labour's scams !

    I've not come across that one, and I think I've either seen or thought of most :rolleyes:

    As for labor scams; politics and religion are always a no no, BUT, it's difficult to see what benefits the increased tax burden has had over the last 10 years. Any analysis of the demographics of graduates would also make uncomfortable reading for socialist politicians, especially if you factor in the breakdown of student debt.

    It must be my age, but I have never seen why a tax cutting agenda and incentivising people to get into work is a bad idea. We live next door to a couple who retired from work in their mid 40's from stress and bad backs and they enjoy the most untroubled existence; alongside running an undeclared cottage business.

    The answer to your next question is "yes", together with photos and classified ads.

    Regards

    Richard
  • fermi
    fermi Posts: 40,544 Forumite
    First Anniversary First Post Combo Breaker Intrepid Forum Explorer
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    I included my student loans putting "I am aware these are not provable in bankruptcy" beside them.

    I did that to give the judge/OR the fullest picture of my finances I could.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
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    Richard_S wrote: »
    Are you talking from personal experience Jonto?

    Some would say it's morally wrong to do something like that but then others would argue that it's immoral to charge students for an education; especially sutudents from lower income families.

    I'm neutral.

    Regards

    Richard

    I agree I was in the last year of the grants system, the people coming through after were facing a mess and large debts. If I remember rightly they had to pay £1,000 course fees.
    Barclaycard 3800

    Nothing to do but hibernate till spring
  • savagevixen
    savagevixen Posts: 1,276 Forumite
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    My OR told me to include the details of our Student Loans, as there is no set rule, and the student loans CAN be written off, if it is deemed that paying them back will put the bankrupt in a situation of hardship. I did not include them in the initial statement at the court, but sent the details on after, to the oR.
    I will be interested to see what happens...
    :starmod: I am not that savage :heartpuls But I am a Vixen :staradmin
  • Jonto_3
    Jonto_3 Posts: 40 Forumite
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    savagevixen wrote: »
    My OR told me to include the details of our Student Loans, as there is no set rule, and the student loans CAN be written off, if it is deemed that paying them back will put the bankrupt in a situation of hardship. I did not include them in the initial statement at the court, but sent the details on after, to the oR.
    I will be interested to see what happens...

    There has been a recent test case which set out that they would withstand a bankruptcy.

    I will have a check for the case name
    I am only going to make 40 posts, then I am off.
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