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Is it normal for student loan to be listed in 341?

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CornChipPaws
Established Member

Is it normal for student loan to be listed in 341?

I just noticed my student loan was listed and also calculated in the final notice from the trustee after my 341. 

obviously I'd cross my fingers it's included but I know it's not. My fear is, however, will it cause it to report incorrectly now? I'm trying to rebuild my credit... not screw it up! Do I need to do anything or is that just normal? 

Message 1 of 6
5 REPLIES 5
Papa_Bear
Frequent Contributor

Re: Is it normal for student loan to be listed in 341?

It's normal but probably won't be included with your discharge. Mine disappeared off of my reports until a month or so after discharge.




Message 2 of 6
Pway
Valued Contributor

Re: Is it normal for student loan to be listed in 341?


@Papa_Bear wrote:
It's normal but probably won't be included with your discharge. Mine disappeared off of my reports until a month or so after discharge.

I agree with this. ^^^

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
Message 3 of 6
CornChipPaws
Established Member

Re: Is it normal for student loan to be listed in 341?


@Pway wrote:

@Papa_Bear wrote:
It's normal but probably won't be included with your discharge. Mine disappeared off of my reports until a month or so after discharge.

I agree with this. ^^^


Thanks guys. I am battling with "Klarna" not acknowledging my bankruptcy or stay and reporting like mad on my credit report. Worried about any other things I'll have to fix asap. Imagine going through the stain of BK only to have your credit ruined by some mistakes ughh. Good to know the loan might disappear. I'll keep an eye on it. Not much, $35k student loan, so I could totally pay it off in 4-5 years... I'm counting that should do wonders for my credit. 

Message 4 of 6
webhopper
Moderator Emeritus

Re: Is it normal for student loan to be listed in 341?

Its normal, mine was included in my Chapter 13 and when I got my discharge the student loan debts were excluded from my discharge.  I paid 100% of the initial claim but apparently there was interest which accrued while in my Chapter 13 plan and now I have two student loan accounts with small amounts left still to pay which I assume was the interest. 

 

FICO 8:
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Message 5 of 6
TRC_WA
Senior Contributor

Re: Is it normal for student loan to be listed in 341?


@CornChipPaws wrote:

Do I need to do anything or is that just normal? 


I wouldn't count on the student loan disappearing.

 

What happened to me (Ch 13) was my loans were in forbearance the entire 5 years I was making payments on the Ch 13.   They were bought from Navient by ECMC.

 

Within a week of my discharge ECMC had sold the loans back to Navient and I had a payment due in 30 days.

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