Texas  |  Bankruptcy

Legal Question

Asked on: 8/23/04, 8:05 pm

recently paid off student loan with credit card

About three months ago I recently paid off a 10k student loan with a low interest credit card advance (to me, then I paid off the student loan. Both were near 4% fixed). Since then I lost my job and may need to file bankruptcy soon if I don't find another job. I also have about 20k in unrelated credit card debt (30k total).

Will all my credit card debt be wiped out, or will the bankruptcy court look unfavorably on my paying off the student loan? How far back will they look? I have also been self employed at times the last few years and file a schedule C every year. Should I wait or file soon? I've always had very good credit and made my payments on time, but this economy is just killing me!

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