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Student Loans - Are these funds considered income in bankruptcy?

By Richard K. Gustafson

This question seems to come up a lot in my conversations with people, especially those working and going to school. The concern is that if student loan funds that are deposited into a bank account are counted as income for purposes of qualifying for chapter 7 bankruptcy relief. Keep in mind that nothing in this blog should be relied upon as legal advice. Every situation is different and should be analyzed in detail by a professional. The reason the question comes up is because in prior posts read more

Full post as published by Consumer Bankruptcy Blog from Legal Helpers on October 27, 2006 (boomark / email).