Can't find any information on financial aid exemption?

[ZBfire]

Every time I search for financial aid exemption all I get is people asking if they can discharge their student loans, thats not what I want.

Short summary:

I am an unemployed full time student and have recently been filed against on one of my old credit cards. I currently have just over $20k in credit cards and have decided that bankruptcy may be my only out because if I lose this judgment my bank account will most likely be attached and they will drain all of my student loan money that is intended for school.

My question is this: I have been unable to find out whether student financial aid is exempt in bankruptcy proceedings, I have somewhere around $4000 in my bank account that is supposed to be used for tuition, books, living expenses, etc. This was loaned via federal financial aid, it is not private.

I live in Kansas and was wondering if anyone had any knowledge? I have looked over my state exemptions and it does not state anything about financial aid, but I thought maybe something in federal would protect it (not sure if each state has to follow federal bankruptcy exemptions?)

Other than my bank account I have very little for assets, I believe my books and computer will be exempt and any other tools I need to use to practice my trade.

Thanks for any help, sorry about the long post.

[woeisme]

Take the money out of the bank if you are worried about your account being attached and drained! Buy a firesafe and keep your $ there, or pre-pay your rent, utilities, tuition, other living expenses this money is for.

[ZBfire]

Take the money out of the bank if you are worried about your account being attached and drained! Buy a firesafe and keep your $ there, or pre-pay your rent, utilities, tuition, other living expenses this money is for.

My court date isn't until April 21st so I will pull at least a livable amount out before then so I am not left with nothing.

Will it be looked down upon by the bankruptcy court if I use the money to pre-pay rent? I am waiting on my chapter 7 bankruptcy book to study this stuff before I actually do anything. Thanks for your response.