My wife and I will be filing Ch 7 in Florida in a few months. About 3 months ago, I took $3000 out of an IRA, trying to keep up with CC payments - a big mistake I know. Now that we will not be paying the mortgage, since we are surrendering the house, we will have some excess cash. Can I deposit this money back into the IRA or is this a big red flag for the trustee? Thanks.
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If you put it back into the IRA, I don't think the Trustee can touch it BEFORE YOU file! Afterall, you are not spending it on frivolous things. I would put it back into an IRA if it was me BEFORE I file, depending on the amount.
Best to you, CatchmeifyoucanJuly 2006: Filed Ch13 :blink:
Oct 2006: Converted to Ch7 :clapping:
Jan 2007: DISCHARGED :clapping:
Nov 2007: CLOSED :yahoo::yahoo::yahoo:
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