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Do I need to close out my bank account?

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    #1

    Do I need to close out my bank account?

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    #2
    If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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      #3
      BTW, you might consider liquidating your "emergency fund" to exempt things you would need in the future. Food, blankets, possibly a camper for a place after you lose the house. All things that can be exempt. Otherwise it could be capitol to pay your creditors when you file 7. 'Hub
      If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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        #4
        you didnt mention if you had any pending judgements or possible garnishment

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          #5
          No- no pending judgements or garnishments. all my CC's are current, but my attorney has advised to stop paying on them and from what I read here I will know if there is about to be a judgement against me and can proceed to file.

          Hub-as for liquidating my emergency fund, it was my understanding that the wildcard exemption of $20,000 in California can include anything, stocks, furniture, or cash. Why would I need to liquidate it if that $6,000 fell under that exemption?

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            #6
            You wouldn't. If it fits in the exemption amount, keep it as cash in the bank so you can use it in the future as you need it.

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