Before Meeting

[wolverinegal]

How much money can you have in your checking account the day of the 341?

[jdcat]

It varies from state to state. We had to have less than $600. You'll need to find out what you're states exemptions are for cash.

[Universal]

It varies from state to state. We had to have less than $600. You'll need to find out what you're states exemptions are for cash.

The same here in So. Ind.

[wolverinegal]

I've filed in Michigan-anyone know how much I'm having a hard time finding out

[marie]

on the day of the 341 I'm not sure it matters that much. I thought it was on the day of filing that was important.

[Mi Bankruptcy]

We we filed we had over a $1,000.00 and they didn't say anything. We filed in the western district. We were CH7 no asset.

[jdcat]

It looks like Michigan is one of the states where one can opt to use Federal exemptions. I didn't find a cash on hand or wildcard exemption for Michigan but did find a Federal Wildcard exemption of just over $1100. Hope that helps a little.

[readytofile]

Depends on your state. Ours was a few thousand if I recall correctly.

[mamaluv]

As others have already mentioned, it depends on the state. Here in CA you can use the wildcard exemption and have $20k in the bank. However if I had $20k I probably wouldn't have needed BK lol

[ryan]

In Illinois, for instance, its up to $4000.

[keptdigging]

To reiterate... it's the day you file, not the day of the 341. Right?

[jdcat]

Right.