Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*
My name isXXXXX shall strive to provide you with legal information. My answers are information only and do not form an attorney/client relationship.
If at any time the information which I provide is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button. When we are done, please take a moment to click the rating tab to rate my work. My goal is EXCELLENT and I hope your rating reflects that.
It is possible that the trustee will retain the funds
All assets owned by a debtor on the date of filing are considered to be property of the estate unless the asset is exempted by a specific exemption
I am still typing – please give me a moment
The presumption is that any bank account that you are signatory on is your asset and is therefore part of the bankruptcy estate
To overcome this presumption, you would need to file an adversary proceeding in the bankruptcy and ask the court to determine that the account is a "convenience account" and should be omitted from the bankruptcy estate
I suggest that you retain the bankruptcy litigation attorney to assist your bankruptcy attorney
Bankruptcy litigation is very complex
have I answered your question
yes thank you
Here is a link to a free site that may assist you in locating competent legal counsel: www.Martindale.com
I wish you the best at this difficult time
If you would take a moment to click the rating tab to rate my work, I would appreciate it. My goal is EXCELLENT and I hope your rating reflects that.