Tuition Payments by Insolvent Parents (Likely) Constitute Fraudulent Transfers
Bankruptcy trustees in some parts of the country are filing fraudulent transfer suits to recover tuition payments that insolvent parents made on behalf of their children over age 18.
In March, Chief Bankruptcy Judge Carla E. Craig of Brooklyn, N.Y., notched a victory for colleges and universities by holding that concepts borrowed from structured finance will insulate educational institutions from fraudulent transfer liability.
Related Stories
April 9, 2024
Title: The Alarming Rise of Identity Theft: A 2024 Perspective In recent years, the threat…
July 27, 2022
IRS Fresh Start Initiative Program, resolving IRS tax debts. Do You Need a Fresh Start…
June 9, 2022
IRS First Time Penalty Abatement – FTA The first-time penalty abatement (FTA) waiver is an…
March 26, 2022
If you filed a chapter 7 bankruptcy, look into filling IRS form 982 When you…
Posted in: Debt & Bankruptcy
March 26, 2022
DID SOMEONE FILE FOR UNEMPLOYMENT BENEFITS UNDER YOUR NAME? If you discover that someone has…
February 3, 2022
RICO suit, McKinsey In a decision last week, the Court of Appeals for the Second…
December 17, 2021
BEWARE OF USING MONEY FROM YOUR IRA OR 401(K) TO PAY DEBTS This can be…
Posted in: Debt & Bankruptcy
December 17, 2021
How to Spot Student Loan Scams. Things you can do to protect yourself. “Enroll now…
Posted in: Debt & Bankruptcy
April 9, 2024
Title: The Alarming Rise of Identity Theft: A 2024 Perspective In recent years, the threat…
July 27, 2022
IRS Fresh Start Initiative Program, resolving IRS tax debts. Do You Need a Fresh Start…
June 9, 2022
IRS First Time Penalty Abatement – FTA The first-time penalty abatement (FTA) waiver is an…
March 26, 2022
If you filed a chapter 7 bankruptcy, look into filling IRS form 982 When you…
Posted in: Debt & Bankruptcy
March 26, 2022
DID SOMEONE FILE FOR UNEMPLOYMENT BENEFITS UNDER YOUR NAME? If you discover that someone has…
February 3, 2022
RICO suit, McKinsey In a decision last week, the Court of Appeals for the Second…
December 17, 2021
BEWARE OF USING MONEY FROM YOUR IRA OR 401(K) TO PAY DEBTS This can be…
Posted in: Debt & Bankruptcy
December 17, 2021
How to Spot Student Loan Scams. Things you can do to protect yourself. “Enroll now…
Posted in: Debt & Bankruptcy