2 questions

[rjl0206]

to all,

just wanna know

1: based on what I've read here I am planning on changing checking/savings from BoA to Valley national because a personal loan and my heloc is with BoA (possible strip). I heard of the headaches about freezing accounts and easily getting judgements to jack your account. Wanna ask are there timeframe rules as to opening a new checking/savings and closing my old one? planning to file june/july, will closing my BoA account which I had for years and opening a new one up within 6 months to filing seem suspect?

2: I just got rid of my used 100K altima and got a new honda pilot under my name, my wifes car 04 freelander(fully paid) is also under my name as well, will this pose to be a problem when I file? should I put the car under her name as it may affect our exemptions when we file? we are filing jointly btw.

thanks all.

Ray
PS: anyone know how much we are allowed to exempt in NJ essex county? hopefully we can keep our Tax refunds...

[StartingOver08]

To check your exemptions, go here:

http://www.legalconsumer.com/bankruptcy/state_bankruptcy_info.php?st_fullName=New%20Jersey

Since you are both filing BK jointly, it does not matter that both vehicles are titled in your name. Do NOT do any vehicle transfers prior to your bankruptcy, that is a red flag to the trustee.

Do look up your vehicle and other exemptions so you know what you can do. I did not look up the vehicle exemption for you because you have a choice in New Jersey of either the Federal Exemptions or the State Exemptions, the choice is yours, but you can not mix and match - you can only choose one system or another.

[Trixie007]

Since you are both filing BK jointly, it does not matter that both vehicles are titled in your name. Do NOT do any vehicle transfers prior to your bankruptcy, that is a red flag to the trustee.

[AngelinaCatHub]

There would be no time limit in transferring your bank accounts. You are not hiding anything from the Court. It would be suspect if you simply closed the account and hid the cash. I would list both the Old and New accounts in your paper work and also keep copies of the zero balance statement you will get and I would move EXACTLY the same amount of money that you took from one bank and put into another. I doubt there would be any questions but having the paper and not needing it is better than not having it at all. 'Hub