Are benefits from the GI bill considered income for bankruptcy purposes?

Asked over 5 years ago - East Syracuse, NY

Gi bill and bankruptcy

Attorney answers (2)

  1. Theodore Lyons Araujo


    Contributor Level 20

    Answered . The cash payments are probably going to be considered income, but the expenses are offsetting them. These transfers should not end up with a net gain in disposable income. Do you think it will affect the means test?

  2. Robert W. Kovacs Jr.


    Contributor Level 14

    Answered . I am not licensed I your state but I can provide some general information.

    This is a good question and one that I have never heard before. Do you get cash benefits or is it just for tuition?

    Good luck.

    Robert Kovacs

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