I've asked before

[Graphic]

What are some things to use money that you are trying to get rid of that can't be taken? So in other words (sorry had a few to drink tonight) like once I sell my car what should I use the money on. I siad before I'll spend most on school, but can anyone give me a link to a 'list' of things maybe or list some things that it is ok to spend on. Lol sorry for stupid repeat post this is what happen after drinking too much. I just forgot and cant find my post.. or really couldnt remember any good info. I mean like clothes? Food obviously..but Imean what are other things..besides insurance and stuff like that.

[bkfiler]

try using the search function on the site. if will give you excellent answers already posted. its a great feature.

no one can tell you for sure what to use the money on. remember that if the trustee feels that you sold the vehicle and spent the money to hide then it might be considered fraud.

[Graphic]

Well I tried, but I couldn't think of something good to use for the search terms. Oh and well that is what my lawyer told me to do so hey if he misleads me I'll just sue the bastard :P

[bkfiler]

if he told you that then he should have given you a list as well. ask him again.

[SinkingFast]

We've thought about refinancing the car to get the equity out before we do anything,........ like possibly filing BK. The car will be financed to the max so no equity there. That means that car would not enter into the picture as an asset. Then we'll have money to pay attny's fees, auto insurance and/or taxes. We've even thought we could use some of that money to "redeem" the tad extra in equity we'll may have in vehicles and be able to keep hubby's truck, or both kid's cars.

Other people need to make repairs to their home, buy clothes, new tires for the car, much needed car repairs. There's a whole bunch of necessities you can find to spend the money on.

[Graphic]

Alrighty yeah he should have given me a list.. he mostly just suggested the school.. which since he probably assumed it would take most of the money (which it will) that he didn't need to offer any others. It's just more of a pain in the ass trying to get in touch with them than asking . Hmm I could use some new clothes I'm sure. Car still hasn't sold on ebay..and it's going real cheap.. guess I'll have to sell it locally!

[Graphic]

BKfiler is going to shoot me but I wonder if I can purchase a gun? Would that be considered a luxury? I'd ask my attorney but he's on 'vacation' lol. Eh Just curious I am in the market for one soon anyways so just thought I would ask.

[bkfiler]

"While you may able to keep some assets, you also keep some debt. Certain debts, no matter what state you live in, cannot be discharged. For instance, any debt owed to a single creditor totaling more than $500 for luxury items bought within 90 days of filing are non-dischargeable; cash advances of $750 within 70 days are also non-dischargeable."

but if you have already filed then you can buy what you want. however, in any case a gun could be considered a needed item.

[Graphic]

Just wanted to make sure I doubt it will cost me more than 500. Plus I will be paying it with cash, from my vehicle being sold (that isn't sold yet) so that is why I wasn't sure. What are some other things I mean Gas, I wont have insurance (cuz i dont have a car..it will be in my parents name) ..... food...rent maybe.....uhm i dont freaking know lol jaajorjat can't wait to get this behind me!

[AAAArt]

Technically, any firearm has to be listed as an asset. They are also one item often seized by the Trustee, since they can easily be converted to cash. Some trustees even ask if you own a gun. Be careful there.
I looked for things which I could purchase and possibly redeem for cash later. Wound up paying estimated taxes and stocking up on essentials from food to cleaning products to toiletries.
You could do this and just show the checks made out to the gricery or clothing stores. Doesn't really take too much to go through $500 - $700.
When you're through, the freezerand pantry are full, you have 6 months worth of toiletries and cleaning supplies. Helps with the recovery process. Wish that I had done more of it, but w/ the attorney's fees, I wound not having hardly any cash. Art

[AMISLANDER]

if you rent, you could prepay your rent...take a vacation and go shopping during it! Cozumel is beautiful in April...(what's left of it???)...You can also get an AMEX card and load it up with I think up to $10K...and spend it as you need it, like a prepaid charge card...

[StaciMM]

I'm not sure the idea of prepaying rent would work, in all honesty. That might be considered an asset, as having a credit from overpayment means that you are owed money.

Auto insurance, on the other hand, is often billed in 6 or 12 months increments, with the option of making montly payments.

Ps-I'm guessing the vacation was a joke!!

[AMISLANDER]

I'm not sure the idea of prepaying rent would work, in all honesty. That might be considered an asset, as having a credit from overpayment means that you are owed money.

Auto insurance, on the other hand, is often billed in 6 or 12 months increments, with the option of making montly payments.

Ps-I'm guessing the vacation was a joke!!

LOL!!! But I think the best idea is the AMEX card...

[FoolAndHisMoney]

Pre paying rent could be a preferential transfer if within the 90 days. If your normal rent is over the $600 paid then that's fine, but if you were to pay late rent payments to get caught up inside the 90 days then that is a preferential transfer and the trustee would get the money from your landlord. If you paid ahead I imagine it would be looked at the same way.

[Graphic]

Well I don't think rent is possible. Just asked the attorney he said more than likely no. He wasn't positive on the new law but he said that it would 90% chance be looked at to be a wrong. Oh well guess we will see. I'm trying to compile a list lol that's all