top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

after filing what do you do with your money

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    after filing what do you do with your money

    After filing are you free to do what you want with your extra money? Is it ok to take cash out after payday and do what you want with it or does everything have to be documented with receipts or debit card even during the bk?

    Reason I ask is we are moving, taking a less paying job(personal reasons) and need money for uhaul, new rent and deposit and things like that. I dont want to have to explain it all to everyone. It is a choice we are making and really don't want to be questioned about our personal decisions.

    #2
    I would like to know this too. I suppose while awaiting discharge we should assume they can request anything they want and live as though someone will be looking through the records at some point.

    In your case though, moving, rent deposits, uhauls etc. seem like a valid expense. Not like it's a vacation to Maui!

    Comment


      #3
      Originally posted by Tromploi View Post
      I would like to know this too. I suppose while awaiting discharge we should assume they can request anything they want and live as though someone will be looking through the records at some point.

      In your case though, moving, rent deposits, uhauls etc. seem like a valid expense. Not like it's a vacation to Maui!

      I just thought they may say something since we are going from a decent paying job to a less paying job and moving for it.

      Comment


        #4
        You should wait at least until after 341 meeting is concluded. Otherwise, at least wait until discharge. However, don't get back into the rut, you just got out of... by going on and spurging.

        If you are moving or doing other things "necessary to support you and your dependents"... spend away. A move and deposits, and food, clothing, shelter are all normal expenses and no one would ever question that.

        However, I would at least wait for the 341 to be concluded.
        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.

        Comment


          #5
          Originally posted by justbroke View Post
          You should wait at least until after 341 meeting is concluded. Otherwise, at least wait until discharge. However, don't get back into the rut, you just got out of... by going on and spurging.

          If you are moving or doing other things "necessary to support you and your dependents"... spend away. A move and deposits, and food, clothing, shelter are all normal expenses and no one would ever question that.

          However, I would at least wait for the 341 to be concluded.
          Thanks ! I meant like saving money up since we will be making less money and spending it on moving expenses, hotel stay and rent/deposit. Not spurging at all...lol

          I just have felt like I cannot save any money up to this point so I am hoping I am "ok" to save after the filing.

          Even though the job pays less, should I still wait for the 341? I really do not have an option because our rental lease is up and we have to sign another year or we have to move.

          Comment


            #6
            Originally posted by okiemom2008 View Post
            Even though the job pays less, should I still wait for the 341? I really do not have an option because our rental lease is up and we have to sign another year or we have to move.
            I would ask your lawyer, but one of the generic questions in the 341 is about job changes. Shouldn't be an issue... but it's usually safer to wait on the 341.
            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.

            Comment

            bottom Ad Widget

            Collapse
            Working...
            X