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thanks for the reply,
do i list each bank account separately and on the same line include the exemption law with the $1000 exemption value or can i lump all the accounts together and include the $2000 exemption. thanks
i am worried that the trustee will freeze my bank account and i wont have access to my money. the appx $2300 i had at the time of filing is what she is asking for. i am revising the schedule to exempt the $2000 of it but what about the possibility of the trustee freezing all of the money? i have in one account $3800 and i have paychecks going in at $1800 on the 15th and the 30th. possibly a bonus as well this month. i dont want to have these funds frozen so i am thinking about pulling out as much as possible without bouncing any checks. $3800 - $1100 outstanding checks = 2700 withdrawal. is that ok to do? am i getting paranoid? i read that only the amount at filing is on hold but i would have access to the rest?? thanks for your reply
so they cant freeze it at all? the trustee told us the estate owns everything the moment we file. when you say judgment, meaning a lawsuit or ? no legal issues at this moment only the bk filing. no garnishments, no lawsuits, only creditors wanting their money.
thank you so much,
so at this point i am revising my schedules to reflect the $2000 exemption and filing it this week. the trustee letter is demanding the $2300 by the 30th of Sep. When I file the amended schedule the trustee will send me a revised demand letter for the amount the exemption doesnt cover $300?? If I get a bonus this month which could be appx $5k will that present a problem or can i just let this amount get direct deposited or to be safe should i accept a live check instead and cash it? My interpretation is that the amount in the bank at time of filing is the only money that matters, not any amount going forward. Thank you!
fantastic! thanks. i have a relative that is trying to deal with a credit report item and is looking to settle the debt for less the amount, can you help them? i will refer them to you if ok, thanks again!