The outcome out-of disallowance less than § 502(b)(2) “would be to ensure one financial institutions except that [the fresh creditor carrying the newest education loan] located its fair share of your own estate
nine Select § 346.step 1 [ Student loans ] § 158.dos Student loans. See, age.grams., Leeper v. Pennsylvania Higher Educ. Guidance Agency, 44 F.3d 98 (three dimensional Cir. 1995) (Applying Bruning v. Us, 376 You.S. 358, 84 S. Ct. 906, eleven L. Ed. 2d 772 (1964), unmatured postpetition appeal towards a good nondischargeable student loan is not deductible and you may endures release inside a section 13 circumstances.); Inside the re Hamilton, 179 B.Roentgen. 749 (Bankr. S.D. Ga. 1995) (Balance out of education loan might be nondischargeable on achievement http://badcreditloanshelp.net/payday-loans-mt/livingston out-of costs lower than Part 13 plan regardless of you to Institution out-of Knowledge failed so you can fast document a proof claim additionally the debtor submitted a proof of claim with respect to the brand new Company into the a keen amount disputed of the Company.); Ridder v. Great Lakes Highest Educ. Corp. (For the re also Ridder), 171 B.Roentgen. 345, 346–47 (Bankr. W.D. Wis. 1994) (“Regardless of if says having postpetition interest is disallowed while in the case of bankruptcy, shortly after bankruptcy proceeding the brand new owner out-of a good nondischargeable financial obligation may assemble off the latest borrower physically. Bruning v. Us, 376 You.S. 358, 84 S. Ct. 906, 11 L. Ed. 2d 772 (1964). . . . Given that obligations was not released, Great Lakes may gather brand new postpetition appeal out of [this new debtor] directly. . . . The truth that High Lakes’ claim to own postpetition focus might have started disallowed doesn’t have anything regarding whether or not postpetition desire is actually dischargeable.”); In lso are Shelbayah, 165 B.R. 332 (Bankr. N.D. Ga. 1994) (Unmatured postpetition desire toward a student loan is not an allowable allege lower than § 502(b)(2), and you may such as for example attention continues to accrue from inside the Chapter 13 circumstances. ).
Every unmatured postpetition desire will receive an identical nondischargeable character since the underlying student loan lower than § 1328(a)
10 Look for below inside area and discover §§ 155.2 [ Long-Term Expense ] § 88.nine Enough time-Term Costs, 159.step 1 [ A suggestion: Easier Guidelines for Group away from Unsecured States ] § An offer: Much easier Rules for Classification out-of Unsecured Claims and you will 346.step 1 [ Figuratively speaking ] § 158.dos Student education loans. Find, age.g., Within the lso are Williams, 253 B.R. 220, 232 (Bankr. W.D. Tenn. 2000) (“So it courtroom will not confirm Chapter thirteen preparations that provide for the new commission of great interest to student loan loan providers, however to other unsecured loan providers.”); Inside re also Shelbayah, 165 B.Roentgen. 332, 337 (Bankr. Letter.D. Ga. 1994) (Unmatured postpetition notice on a student-based loan isn’t deductible when you look at the a section 13 instance significantly less than § 502(b)(2), such notice will continue to accrue in the Part thirteen instance, therefore the accruing appeal has got the exact same nondischargeable profile while the fundamental student loan less than § 1328(a). ”). Accord Leeper v. Pennsylvania Higher Educ. Advice Agency, forty-two F.3d 98 (3d Cir. 1995); When you look at the re Hamilton, 179 B.Roentgen. 749 (Bankr. S.D. Ga. 1995); Ridder v. High Lakes Highest Educ. Corp. (In lso are Ridder), 171 B.Roentgen. 345 (Bankr. W.D. Wis. 1994).
11 Inside the re Boggan, 125 B.R. 533 (Bankr. Letter.D. Ill. 1991). Agreement Within the re Gregg, 179 B.Roentgen. 828, 830 (Bankr. Elizabeth.D. Tex. 1995) (Debtor can by themselves categorize around three college loans to have payment in full in which most other unsecured allege people is paid back simply .74%. “Every college loans in this instance are nondischargeable less than eleven You.S.C. § 523. Therefore, yet another category for those says does not unfairly discriminate facing one other unsecured financial institutions.”). Discover and additionally Into the re also Dillon-Bader, 131 B.R. 463 (Bankr. D. Kan. 1991) (Inside the framework of great-believe objection so you’re able to confirmation, this is not inappropriate to have a section thirteen borrower to help you by themselves categorize Fix loans to own 100% payment when you find yourself using most other unsecured allege people 10% as Fix funds should be paid-in complete pursuant to 42 U.S.C. § 294f(g).).