Hi, I have two questions about personal bankruptcy. I already have quite good knowledge about this, but I have a couple of specific quesitons.1. I have a 2.5 year old daughter. She currently stays with me two nights a fortnight. Would I have any difficulty asserting that she is a dependent for bankruptcy purposes? What would I need to do to prove that I have a dependent?2. I understand that if I earn below the income threshold, my income will not be garnished. However, what can I legally do with the money that I earn? Ie, once I subtract my expenses from my income, what may I do with the remainder? Is it acceptable to save this money in the bank? I have heard that if I were to invest in a term deposit, this would be taken by the trustee. What about an on-call, high interest bank account? Can I save as much money as I like in the bank so long as I earn below the threshold? Or must I limit my savings to be only what would be reasonable to cover expenses? If it must be only what is reasonable to cover expenses, is six months living expenses (eg 15000) a good amount to go by? And if I can only save up until that amount, what can I legally do with additional savings that I have over the three years? Must I spend everything?
If I accept this answer, will I be charged $84?I appreciate your efforts, but I don't believe they are worth $84.In relation to my daughter, the income threshold for bankruptcy is varied based on the number of dependents a person has. If my daughter is not counted as a dependent then my income threshold would drop.
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