I'm filing Chapter 7 bankruptcy. I am married, however none of my debt is in my wife's name whatsoever. She is not filing bankruptcy.
I'll be filing about $230,000 in debt. $30,000 is in business taxes (principle only) that cannot be discharged, and will likely be setup on a payment plan.
Very regrettably, about $80,000 of the "to be discharged debt" is to my father, which we plan on paying back regardless of its discharged status. This is the most painful part of this situation to me and my wife. All of us saw my father's investment as relatively safe.
My wife had $30 left over in an online poker account. Without giving many details, it's one of the top 5 sites. It's trustworthy, legitimate, and backed by several of the best known poker players worldwide. (It's offshore of course.)
She ran it up to around $4,000 - and last month hit a jackpot hand that paid $50,000.
We are not in a community property state.
My wife and I decided we would love for that money to go toward my father. He doesn't need the money immediately, just for the long term.
What happens to it? What do we do? Can we have them send it to her by check, have her deposit it into a checking account with only her name in it, pay the taxes on it, and give the remaining amount to my father? Should we instead wait until the bankruptcy is filed and completed? Should we do something else?
I'll be filing about $230,000 in debt. $30,000 is in business taxes (principle only) that cannot be discharged, and will likely be setup on a payment plan.
Very regrettably, about $80,000 of the "to be discharged debt" is to my father, which we plan on paying back regardless of its discharged status. This is the most painful part of this situation to me and my wife. All of us saw my father's investment as relatively safe.
My wife had $30 left over in an online poker account. Without giving many details, it's one of the top 5 sites. It's trustworthy, legitimate, and backed by several of the best known poker players worldwide. (It's offshore of course.)
She ran it up to around $4,000 - and last month hit a jackpot hand that paid $50,000.
We are not in a community property state.
My wife and I decided we would love for that money to go toward my father. He doesn't need the money immediately, just for the long term.
What happens to it? What do we do? Can we have them send it to her by check, have her deposit it into a checking account with only her name in it, pay the taxes on it, and give the remaining amount to my father? Should we instead wait until the bankruptcy is filed and completed? Should we do something else?
341: 05/15/08 
Discharge: 07/15/08 
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