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pay check and bankruptcy

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    pay check and bankruptcy

    I was originally filing today, but wanted to check something out before. now it is too late to file, by the time I get to the clerk.
    The company I work for pays me through EFT on the 1st. It normally takes 2 days to get to my account. I will not be able to file until monday morning 8am. If the payment has been sent, but my bank has not received it yet as a deposit when I file is that ok. Or do I need to wait till it shows up and pay off bills to get rid of it?

    Also what if I file in the morning and the deposit is received in the afternoon.

    Thanks

    #2
    I'm not really sure. My best suggestion is to check & see if your state has any wild cards you could use to exempt the cash in your account, that way it wouldn't be an issue.
    Most 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.

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      #3
      It will depend on when the check posts to your account. Honestly, you want to file BK BEFORE your paycheck posts, otherwise, if there is enough money in your account minus any wage exemptions, the trustee may want it.

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