Question re paying school tuition right before filing.

Post Reply
Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


Is it a debt? If tuition is timely paid (within invoice period) then no preference
Sent from my iPhone - please excuse typos.
Thank you.
> On Feb 11, 2016, at 4:53 AM, Holly Roark hollyroark22@gmail.com [cdcbaa] wrote:
>
> If the debtor's school tuition is due in March and she pays it right before filing BK - let's say it's $15K and that's prettymuch all the cash on hand she has - is there any way that payment can be construed as a preference? It seems to me this would be a contemporaneous exchange if she is paying it for the quarter that it comes due. I'm just concerned because it's a fairly large sum.
>
>
> Holly Roark
> Certified Bankruptcy Specialist*
> and Sports Lawyer
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> Central District of California & District of Idaho - Consumer Bankruptcy Attorney
> 1875 Century Park East, Suite 600 Los Angeles, CA 90067
> T (310) 553-2600; F (310) 553-2601
> *By State Bar of California Board of Legal Specialization
>
>

The post was migrated from Yahoo.
Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


Reply-To: Craig J Beauchamp
X-Original-Return-Path: Craig J Beauchamp
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
Can you file before paying for tuition and protect the funds through the
wildcard exemption?
Just a thought.
Craig
Craig J. Beauchamp, Esq.
Of Counsel
Law Offices of Victor W. Luke, APLC
(714) 835-5091
(714) 835-5763
Craig J. Beauchamp, Esq.
Attorney at Law
PO Box 25857
Santa Ana, CA 92799
(949) 689-9709
(714) 835-5763 fax
Legallycraig@gmail.com
NO EX-PARTE NOTICE VIA VOICE MAIL OR EMAIL: I do not accept notice for *Ex
Parte* Applications via voicemail or by email. You must comply with
California Law and give notice to a person in my office during regular
business hours.
CONFIDENTIALITY STATEMENT: This message contains privileged and
confidential information and is intended only for the individual named. If
you are not the intended recipient you should not disseminate, distribute,
store, print, copy or deliver this message. Please notify the sender
immediately by e-mail if you have received this e-mail by mistake and
delete this e-mail from your system.
On Thu, Feb 11, 2016 at 4:53 AM, Holly Roark hollyroark22@gmail.com
[cdcbaa] wrote:
>
>
> If the debtor's school tuition is due in March and she pays it right
> before filing BK - let's say it's $15K and that's prettymuch all the cash
> on hand she has - is there any way that payment can be construed as a
> preference? It seems to me this would be a contemporaneous exchange if she
> is paying it for the quarter that it comes due. I'm just concerned because
> it's a fairly large sum.
>
>
> Holly Roark
> Certified Bankruptcy Specialist*
> *and Sports Lawyer*
> holly@roarklawoffices.com **primary email address**
> www.roarklawoffices.com
> *Central District of California & District of Idaho* - Consumer
> Bankruptcy Attorney
> 1875 Century Park East, Suite 600 Los Angeles, CA 90067
> T (310) 553-2600; F (310) 553-2601
>
> *By State Bar of California Board of Legal Specialization
>
>
>
>
Can you file before paying for tuition and protect the funds through the wildcard exemption?Just a thought.CraigCraig J. Beauchamp, Esq.Of CounselLaw Offices of Victor W. Luke, APLC(714) 835-5091
The post was migrated from Yahoo.
Yahoo Bot
Posts: 22904
Joined: Sun Oct 18, 2020 11:38 pm


If the debtor's school tuition is due in March and she pays it right before
filing BK - let's say it's $15K and that's prettymuch all the cash on hand
she has - is there any way that payment can be construed as a preference?
It seems to me this would be a contemporaneous exchange if she is paying it
for the quarter that it comes due. I'm just concerned because it's a
fairly large sum.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
If the debtor's school tuition is due in March and she
The post was migrated from Yahoo.
Post Reply