Incurring Student Loan Debt While in Chapter 13
In chapter 13, you are not permitted to borrow or use any other form of credit (exceeding a cumulative total of $5,000) unless you have permission from the bankruptcy court. The Eastern District of Virginia Bankruptcy Court standard chapter 13 plan contains the following provision located at paragraph 11: “Incurrence of indebtedness. The debtor(s) shall not voluntarily incur additional indebtedness exceeding the cumulative total of $5,000 principal amount during the term of this Plan, whether Read more…