Another question from a nervous individual...When I sold my motorcycle, I deposited the funds into a joint account with my wife. I am filing alone, and someone told me that the trustee may only want half of what is in the account, because the other half could be considered my spouse's. Is this true? I live in SC and am allowed to keep $1000 in cash after bk. Is it possible that the trustee would only take half of this money, because she helped pay for it through the duration of the loan?? Any help would be appreciated..thx
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I doubt it... There is a clear trail that shows the money came from the sale of the cycle, which I assume was only in your name? Trying to claim some of the $$ belongs to her now would be the same as transferring property - a no no - before filing.
Are there any wild card exemptions?
Originally posted by swiminindebtMost of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision. -
No wild cards here in SC. I won,t have anything much left anyway now. I am using the money to replace my central hvac system. It needs to be done, I have my attorney's blessings and they start tomorrow...thxComment
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