Insolvency liability Question
I am figuring out my liabilities for claiming insolvency. Part of my liabilities include $15,000.00 that I owe my parents for a college loan. Is there any restriction to claiming debt owed to a relative as opposed to a lender?
I have been looking all over and I can only find a restriction if there is property exchanged between family members.
Any help will be appreciated as I can use this extra money to support my insolvency case.