Scott Waterman

Chapter 13 Bankruptcy Trustee for the Eastern District of Pennsylvania

Biography

Scott F. Waterman, Esq. graduated from Tufts University in 1991 with a dual major in history and political science.  He received his J.D. from Temple University School of Law in 1994. He is a Chapter 13 Standing Trustee for the Eastern District of Pennsylvania, and his office is located in Reading, Pennsylvania.  He is a former Chair of the Eastern District of Pennsylvania Bankruptcy Conference and is a Fellow of the American College of Bankruptcy.  He is the current Chair of the Student Loan Committee of the National Association of Chapter 13 Trustees, and is also a member of the National Association of Consumer Bankruptcy Attorneys and the Berks County Bar Association.  Last year he served as Chair of the Bankruptcy Judge Merit Selection Committees for the Eastern District of Pennsylvania to which he was appointed by the United States Court of Appeals for the Third Circuit.  In 2024 Mr. Waterman was appointed to be the Co-Chair of the Local Rules Advisory Committee of the United States Bankruptcy Court for the Eastern District of Pennsylvania.  Mr. Waterman enjoys sailing, softball and bowling.

Articles by Scott Waterman

Scott Waterman
February 23, 2025
This decision will completely upend the income driven student loan landscape, impacting over 8 million student loan borrowers who were enrolled in those programs. The injunction also impacts Chapter 13.
Members
Scott Waterman
February 2, 2025
While you may want to read all 44 pages, Trustee Waterman has done an excellent job of breaking it down.
Members
Scott Waterman
May 12, 2024
Big news . . . Sneak peak . . . Coming in July . . . You are gonna want this article (just sayin’) Starting July 1st, Chapter 13 debtors in Federal Student Loan income-driven repayment plans will no longer need to classify their student loans separately to receive IDR credit. Credit towards forgiveness will be awarded for each month of trustee payments, regardless of payments made directly to the Department of Education.
Members
Scott Waterman
March 24, 2024
An ordinary title for a very NON-ordinary article! A computer program which will accurately predict whether a borrower will default and relief extended based on the data. WHAAAT???
Scott Waterman
November 12, 2023
If you intend to seek to discharge student loans under §523(a)(8), do not consolidate the loans after the case is filed. Prebankruptcy planning is most important if one wishes to discharge student loans. A recent Texas Chapter 7 case highlights the pitfalls if one does not act accordingly. Debtors obtained 27 separate student loans prior to when they filed their...
Members
cohen3
October 29, 2023
“FFEL and Perkins loans are different than other federally backed student loans as these are owned by private lenders, but guaranteed by the government.”
Scott Waterman
October 1, 2023
In conjunction with The Academy’s recent webinar on Student Loans, Scott and Josh offer a follow-up check list – a MUST READ! “With all the new student loan servicing changes, what should debtor attorneys be doing as to pending chapter 13 cases where their clients owe federal student loans? Here’s the short list:”
Members
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