Are adult children still dependents?

Posted on Tuesday, March 18, 2008

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I have 4 children, 2 who are now adults but still live at home. They are both going to University in September. Are they still considered dependents as we still pay for everything for them?

Filed under: Bankruptcy
 posted by Questions @ 4:49 pm
1 Expert Comment:

 At March 19, 2008 | 6:11 am , Barton Goth GCO Bankruptcy Trustees Said...

If they are both attending university and benefit from the income in the houeshold then they would be considered dependent. However, be careful as dependents also have to disclose their income for the surplus income obligation so indirectly may impact the cost of the bankruptcy.

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