From what I've read here, you are only allowed a certain amount of cash on the day you file. I'm assuming that means in a bank account/actual cash. You are allowed to spend it down, but are there any restrictions on how the money is to be spent? I know the wise thing to do is to use it on necessities (stocking up on non-perishable items, eye glasses, medical, car & home repair), etc. Is a wkend getaway a no-no? (hotel accommodations?)
I don't have that much and a huge chunk of it will go to the attorney anyway. I "thought" I would be able to keep it to live on after BK, since the only income I have right now is Ebay and that's pretty unpredictable.
What really makes me sick is that the money I do have was my 403(b) ret. account and it would have been exempt had I left it there. But, at the time, I was desperate to pay cc's & mortgage.
Also, when can you start stashing again with no thread of the TT taking it? After filing, after 341, after discharge or after closing?
top Ad Widget
Collapse
Announcement
Collapse
No announcement yet.
Spending cash before / after filing?
Collapse