Legal Question in Bankruptcy in New York
Credit Card Debt used for College Tuition
Understanding student loans are not exempt when filing bankruptcy what happens if the tuition was paid with a credit card because the child's student loan was not to the school before the due date. The student loan came later but was not paid back on the credit card because it was used to pay bills. Can we the parents still include that credit charge for that tuition in personal bankruptcy? The child will be paying the actual debt of the student loan.
Asked on 7/02/04, 9:12 am
1 Answer from Attorneys
Debra Palazzo
Law Offices of Debra Palazzo, LLC
Re: Credit Card Debt used for College Tuition
If you are saying that you paid for college with a credit card, yes you can include that credit card in bankruptcy. (You are not including the student loan).
Answered on 7/03/04, 10:13 am