How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

Do I loose mu frequent flyer miles in chapter 7

This answer was rated:

Do I loose mu frequent flyer miles in chapter 7

Thank you for your question.

Your frequent flyer miles will be considered an asset of the bankruptcy estate in a chapter 7 bankruptcy. If those miles fall within a personal property exemption, you may retain the miles. The miles do not fall within an exemption, the trustee may claim the frequent flyer miles for the benefit of your creditors
Ellen and other Bankruptcy Law Specialists are ready to help you
Customer: replied 7 years ago.
Does this apply to my kids F.F.?
It does not apply to your children's frequent flyer miles. Your children's assets are not included in your Chapter 7 bankruptcy