Student Loan repayment
My student loan has been turned over to a collection agency. I own a motorhome which I plan to live in as my principle abode if/when my elderly father passes on. I live with him at the present time and he is the renter. Can my motorhome be taken from me if I am making payments on the student loan?
Asked on 1/15/03, 2:56 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Student Loan repayment
No assets may be taken from you, including a motorhome, unless a court of competent jurisdiction enters a Judgment against you after a lawsuit has been filed by a creditor. Even then, you can probably arrange to make payments on the Judgment.
Answered on 1/16/03, 2:26 am
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