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There are penalties for overpayment or early repayment of your loan.
If it's a federal loan there is no need for chapter 13 if you can prove total and permanent disability. If it's a private loan you have to prove repayment woudl cause undue hardship.
The IRS can garnish up to 15% of your Social Security Disability check unless you work out an alternate repayment plan or are categorized as "uncollectible" due to income and expenses. It would be in your best interest to contact the IRS to discuss your options.
You are required to pay what the court decided ! If you're having problems repaying the debt, there's nothing stopping you going back to court and re-negotiating the repayment period !
Choosing the right repayment plan for your student loans is your first step toward meeting your financial goals. See which repayment option best meets your needs. These are Standard repayment, Extended repayment, Graduated repayment and Income-sensitive repayment (available only for FFELP loans).
Repayment could be the definition of reparation or reimbursement .
Typically no. There are no absolutes here. If you disclosed to the Court that you were in the process of obtaining Disability, you should have nothing to worry about. However, if you kept this info from them, I would ask the lawyer who handled your case. * No. All Social Security benefits whether disability, SSI, or regular pension benefits are exempt from bankruptcy action.
repayment period of foreign loan
In Disability Insurance, Assignment of benefits is needed when a lender (for a mortgage or loan) requires a guarantee of repayment, by assigning a disability insurance policy benefits (total or partial) to be paid to the lender if due to an illness or accident you lost your income and can't pay back the loan.Of course, this underlines the importance of having disability insurance to pay for all your expenses in case you lose your income due to any health reasons.
You can go to irs.gov and use your debt repayment calculator. You can also go to your banking institution and have them use their repayment calculator as well
I can lend you this money to pay your bill with your promise of repayment.
If there is no repayment then the compound interest will continue growing for ever - becoming infinite. If there is repayment then the charge will depend on the amounts of repayment.