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    Question Question about NY exemptions

    Hi everyone, I am thinking about filing chapter 7. Can you take the NY homestead exemption and also protect any cash in a bank account ( wages earned in the past 60 days)?

    If so, does the protected 90% of income count off the gross pay amount? If money moved in and out of the account during those 60 days, does that make a difference as far as using that exemption? Basically, do all of those wages have to be untouched sitting in an account or can just an amount equivalent to 90% of wages earned be protected?

    #2
    Welcome to BKForum. I can't answer for New York.

    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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