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Student loan debt is still not removable through bankruptcy, even if you transfer it to some other form of credit. Also, transferring loans around with the int
by mmaurizi 7y ago
Student loan debt is still not removable through bankruptcy, even if you transfer it to some other form of credit.
Also, transferring loans around with the intent to declare bankruptcy is fraud, and while you may skate on that initially you won't when you're in court.
- sokoloff 7y agoOnce student loan debt is "transferred to" (paid from, really) another form of credit, it's not student loan debt anymore. If I borrow from Peter to pay Paul, I have Peter debt now, not Paul debt.
- owenmarshall 7y agoOn a balance sheet? Sure. In a court? If you borrowed from Peter to pay Paul, knowing that Peter’s debt is discharged in bankruptcy and then you declare bankruptcy? I have a feeling a not too impressed bankruptcy judge will be entering a sizable judgement against you.
- gizmo686 7y agoThe issue is that you took out a load with the intent of declaring bankruptcy. You would be in just as much trouble even if you didn't use the money to pay back non dischargeable debt.