Comingling exempt with exempt instead of exempt with non-exempt

CoBelle

Senior Member

Bankruptcy Newbie

Joined: Sep 2010

Posts: 182

State: Colorado
#1

Comingling exempt with exempt instead of exempt with non-exempt

02-13-2011, 11:19 AM

In states where alimony is exempt as long as it isn't comingled....

what if it were comingled with a one time exempt social security payment.....

In other words, is it really comingling if you put exempt funds in the same account as non exempt funds?
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BKParalegal

Senior Member

Bankruptcy Tutor

Joined: Jul 2008

Posts: 578

State: Colorado
#2

02-13-2011, 12:24 PM

Comingled in a specific account designated for an exempt asset? No as long as you can show the proof of where the deposits came from if asked by the trustee

Disclaimer: I am not an actor on TV, but I play a BK Paralegal in real life. Nothing I say should be construed as legal advice, or really anything but entertainment. Please seek out professional help.
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CoBelle

Senior Member

Bankruptcy Newbie

Joined: Sep 2010

Posts: 182

State: Colorado
#3

02-13-2011, 12:49 PM

Well, if that's the case...andyes I can show where the govt. used my 'alimony only' account to depoosit it's first ss check...then I probably don't need an attorney to fight that fight.

And I can show that my retirement money is from a qualified ERISA plan.

Good news at last.
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