Legal Question in Bankruptcy in Ohio

Will a Bankruptcy Trustee force my childs college accounting office to forfiet money I paid for tuition?

Also, Will the court confiscate 529Plan money?


Asked on 8/11/10, 7:18 am

1 Answer from Attorneys
David Michael Benson Benson Law Firm

Funds contributed to a 529 Plan more than one year before the date of filing are excluded from bankruptcy if the beneficiary is a child, stepchild, grandchild, or step-grandchild. However, of the funds contributed between 365 and 720 days prior to filing, only $5,000 per beneficiary is excluded.

As to your question about tuition payments, the following may be helpful:

http://longislandbankruptcyblog.com/file-bankruptcy-pay-childs-college-tuition/

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Answered on 8/18/10, 3:50 pm


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