Bankruptcy Forum

how much money allowed?

helpsoneeded
02-06-2008, 04:56 AM
How much are you allowed to have in the bank when you go to your 341 meeting? I live in NY state. My husband is filing too. Thanks alot!!!

emoney
02-06-2008, 05:06 AM
Its the amount on money you have in the account when you file that becomes part of your
BK estate.
regards,
emoney

coma
02-06-2008, 05:56 AM
There is not, at least in my area, a limit. However, if there is not an exemption to cover the cash, it's fair game for the trustee to take.